Texas Statutes
§ 7803.205 — USE OF BOND PROCEEDS DURING CONSTRUCTION.
Texas § 7803.205
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 7803.205 (USE OF BOND PROCEEDS DURING CONSTRUCTION.) 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. § 7803.205 (2026).
Text
Sec. 7803.205. USE OF BOND PROCEEDS DURING CONSTRUCTION.
(a)The board may set aside part of the bond proceeds to:
(1)pay interest on the bonds during the period of construction of improvements or facilities; and
(2)create reserves for the payment of the principal of and interest on the bonds.
(b)For purposes of Subsection (a), the period of construction may not exceed two years.
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Legislative History
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026 ), Sec. 1.02, eff. April 1, 2015.
Nearby Sections
15
§ 7803.001
DEFINITIONS.§ 7803.002
NATURE OF DISTRICT.§ 7803.003
FINDINGS OF BENEFIT AND PUBLIC PURPOSE.§ 7803.004
DISTRICT TERRITORY.§ 7803.005
DISSOLUTION AND ABOLITION OF DISTRICT.§ 7803.051
COMPOSITION OF BOARD; TERMS.§ 7803.052
ELIGIBILITY FOR OFFICE.§ 7803.053
DIRECTOR'S BOND.§ 7803.054
BOARD VACANCY.§ 7803.056
SECRETARY'S DUTIES.§ 7803.057
TREASURER.§ 7803.058
COMPENSATION.§ 7803.060
DISTRICT OFFICE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 7803.205, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/7803.205.