{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7803.205","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7803.205","heading":"USE OF BOND PROCEEDS DURING CONSTRUCTION.","body":"(a) The board may set aside part of the bond proceeds to:\n(1) pay interest on the bonds during the period of construction of improvements or facilities; and\n(2) create reserves for the payment of the principal of and interest on the bonds.\n(b) For purposes of Subsection (a), the period of construction may not exceed two years.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.02, eff. April 1, 2015.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE E. LEVEE IMPROVEMENT DISTRICTS","CHAPTER 7803. IRVING FLOOD CONTROL DISTRICT SECTION I","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7803.htm#7803.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"52b2ba841450d908e53893e7dc9ab7b6fef519108bc693fb429de24b33e51b87","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7803.204","next":"us-tx/tex.-special-district-local-laws-code-7803.206"},"notice":"GroundRules: Original legal text. Not legal advice."}