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

Tex. Special District Local Laws Code § 8284.202: USE OF BOND PROCEEDS DURING CONSTRUCTION.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 6. WATER AND WASTEWATER
SUBTITLE F. MUNICIPAL UTILITY DISTRICTS
CHAPTER 8284. GREENWOOD UTILITY DISTRICT
SUBCHAPTER E. BONDS

(a) The district may appropriate or set aside out of the proceeds from the sale of any bonds issued under this chapter an amount for the payment of interest, administrative, and operating expenses expected to accrue during a period of construction, as may be provided in the bond orders or resolutions.

(b) For purposes of this section, the period of construction may not exceed three years.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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