Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1371.102: USE OF CERTAIN PROCEEDS.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE F. SPECIFIC AUTHORITY FOR STATE OR LOCAL GOVERNMENT TO ISSUE SECURITIES
CHAPTER 1371. OBLIGATIONS FOR CERTAIN PUBLIC IMPROVEMENTS
SUBCHAPTER C. FINANCIAL ASPECTS OF OBLIGATION

(a) The proceeds from the sale of an obligation may be deposited or invested in any manner and in any obligation specified in the obligation authorization.

(b) A project cost incurred before the issuance of an obligation issued to finance the related eligible project may be reimbursed from the proceeds from the sale of the obligation.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:16Z. Source file · JSON

Browse this collection