{"data":{"id":"us-tx/tex.-local-government-code-505.302","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 505.302","heading":"PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS.","body":"The proceeds of the sales and use tax imposed under this chapter may be used to:\n(1) pay the costs of projects of the types added to the definition of \"project\" by Subchapter D; or\n(2) pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Type B corporation to:\n(A) pay the costs of the projects; or\n(B) refund bonds or other obligations issued to pay the costs of projects.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 505. TYPE B CORPORATIONS","SUBCHAPTER G. USE OF TAX PROCEEDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.505.htm#505.302","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"a1ad935d85f5c16eb5459aa7e60d05cdf61cc48493a1438e1d9e2178b9616daf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-505.301","next":"us-tx/tex.-local-government-code-505.303"},"notice":"GroundRules: Original legal text. Not legal advice."}