{"data":{"id":"us-tx/tex.-government-code-1504.265","jurisdiction":"us-tx","citation":"Tex. Government Code § 1504.265","heading":"USE OF BOND PROCEEDS.","body":"From the proceeds of bonds issued under this subchapter, a municipality may appropriate or set aside amounts:\n(1) to pay interest and administrative and operating expenses expected to accrue during the period of construction;\n(2) to be deposited into the reserve fund as provided in the ordinance authorizing the issuance of the bonds; and\n(3) to pay all expenses incurred in the issuance, sale, and delivery of the bonds.\nAdded by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE J. SPECIFIC AUTHORITY FOR MUNICIPALITIES TO ISSUE SECURITIES","CHAPTER 1504. OBLIGATIONS FOR MUNICIPAL BUILDINGS","SUBCHAPTER F. REVENUE BONDS FOR CULTURAL FACILITIES IN HOME-RULE MUNICIPALITIES WITH POPULATION OF 1.9 MILLION OR MORE"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1504.htm#1504.265","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"35fe181cefddf1215bc3748968e0c44564f6ff6e4a171a1b67e3ebce1f119a27","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1504.264","next":"us-tx/tex.-government-code-1504.266"},"notice":"GroundRules: Original legal text. Not legal advice."}