{"data":{"id":"us-tx/tex.-special-district-local-laws-code-6903.309","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 6903.309","heading":"USE OF BOND PROCEEDS.","body":"(a) The district may set aside an amount of proceeds from the sale of bonds issued under this subchapter for the payment of interest expected to accrue during construction and a reserve interest and sinking fund. The resolution authorizing the bonds may provide for setting aside and using the proceeds.\n(b) The district may use proceeds from the sale of the bonds to pay any expense necessarily incurred in accomplishing the purposes of the district.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.06, eff. April 1, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE B. FRESH WATER SUPPLY DISTRICTS","CHAPTER 6903. EASTLAND COUNTY WATER SUPPLY DISTRICT","SUBCHAPTER G. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.6903.htm#6903.309","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"48c78e0a8e063471a6185932514bdd1af62f38539cdb99228bcc8320cb3b3696","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-6903.308","next":"us-tx/tex.-special-district-local-laws-code-6903.310"},"notice":"GroundRules: Original legal text. Not legal advice."}