{"data":{"id":"us-tx/tex.-government-code-1477.312","jurisdiction":"us-tx","citation":"Tex. Government Code § 1477.312","heading":"USE OF BOND PROCEEDS.","body":"(a) From the proceeds of bonds issued under this subchapter, the county may appropriate or set aside amounts to:\n(1) pay interest expected to accrue during the construction period;\n(2) deposit into a reserve fund, as provided in the order authorizing the bonds; and\n(3) pay all expenses incurred in the issuance, sale, and delivery of the bonds.\n(b) The bond proceeds, until they are needed to implement the purpose for which the bonds were issued, may be invested in direct obligations of the United States, placed on time deposit, or both.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE I. SPECIFIC AUTHORITY FOR COUNTIES TO ISSUE SECURITIES","CHAPTER 1477. OBLIGATIONS FOR OTHER COUNTY PURPOSES","SUBCHAPTER G. REVENUE BONDS FOR IMPROVEMENTS TO ATTRACT VISITORS OR TOURISTS IN CERTAIN COUNTIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1477.htm#1477.312","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"56fb72fe4553d9f9922c19498eae2351305a8cf5306d6f2253740f94bbd57b97","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1477.311","next":"us-tx/tex.-government-code-1477.313"},"notice":"GroundRules: Original legal text. Not legal advice."}