{"data":{"id":"us-tx/tex.-local-government-code-293.056","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 293.056","heading":"INITIAL INTEREST.","body":"The board may set aside the following money from the proceeds from the sale of bonds:\n(1) money necessary to pay interest on the bonds for not more than two years; and\n(2) money that the board estimates to be necessary to pay the authority's operating expenses for its first year of operation.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.","path":["LOCAL GOVERNMENT CODE","TITLE 9. PUBLIC BUILDINGS AND GROUNDS","SUBTITLE B. COUNTY PUBLIC BUILDINGS","CHAPTER 293. COUNTY BUILDING AUTHORITY ACT","SUBCHAPTER C. FUNDING"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.293.htm#293.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"c171724a5e5703068aa419c2cbfa6746d8df7e61422f8114967e47f2d6155acd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-293.055","next":"us-tx/tex.-local-government-code-301.001"},"notice":"GroundRules: Original legal text. Not legal advice."}