{"data":{"id":"us-tx/tex.-special-district-local-laws-code-7807.205","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 7807.205","heading":"USE OF BOND PROCEEDS.","body":"(a) The board may set aside part of the bond proceeds to:\n(1) pay interest on the bonds and administrative and operational expenses expected to accrue during the period of construction of the 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 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE E. LEVEE IMPROVEMENT DISTRICTS","CHAPTER 7807. VALWOOD IMPROVEMENT AUTHORITY OF DALLAS COUNTY, TEXAS","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.7807.htm#7807.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"2ce57ed9838e10c54c5722a8888c3da32ca64186a3148f25eb9cddf7badfd3b0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-7807.204","next":"us-tx/tex.-special-district-local-laws-code-7807.206"},"notice":"GroundRules: Original legal text. Not legal advice."}