GroundRules
Tex. Special District Local Laws Code § 7807.205: USE OF BOND PROCEEDS.
Where this section sits in the code
- SPECIAL DISTRICT LOCAL LAWS CODE
- TITLE 6. WATER AND WASTEWATER
- SUBTITLE E. LEVEE IMPROVEMENT DISTRICTS
- CHAPTER 7807. VALWOOD IMPROVEMENT AUTHORITY OF DALLAS COUNTY, TEXAS
- SUBCHAPTER E. BONDS
(a) The board may set aside part of the bond proceeds to:
(1) pay interest on the bonds and administrative and operational expenses expected to accrue during the period of construction of the 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.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.
Collected 2026-08-27T01:47:41Z. Source file · JSON