Texas § 1119.152 USE OF BOND PROCEEDS.

Texas Statutes

§ 1119.152 — USE OF BOND PROCEEDS.

Texas § 1119.152

Code SDSpecial District Local Laws Code

This text of Texas § 1119.152 (USE OF BOND PROCEEDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Special District Local Laws Code Code Ann. § 1119.152 (2026).

Text

Sec. 1119.152. USE OF BOND PROCEEDS. The district may use the proceeds of bonds issued under Chapter 286 , Health and Safety Code, to pay:

(1)any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;

(2)interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;

(3)costs related to the operation and maintenance of a project or facility to be provided through the bonds:

(A)during an estimated period of acquisition or construction, not to exceed five years; and

(B)for one year after the project or facility is acquired or constructed;

(4)costs related to the financing of the bond funds, including debt service reserve and contingency funds;

(5)

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1119.152. USE OF BOND PROCEEDS. The district may use the proceeds of bonds issued under Chapter 286 , Health and Safety Code, to pay:
(1) any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;
(2) interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;
(3) costs related to the operation and maintenance of a project or facility to be provided through the bonds:
(A) during an estimated period of acquisition or construction, not to exceed five years; and
(B) for one year after the project or facility is acquired or constructed;
(4) costs related to the financing of the bond funds, including debt service reserve and contingency funds;
(5) costs related to the bond issuance;
(6) costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and
(7) costs of construction of a project or facility to be provided through the bonds, including the payment of related professional services and expenses.