{"data":{"id":"us-tx/tex.-water-code-54.521","jurisdiction":"us-tx","citation":"Tex. Water Code § 54.521","heading":"USE OF BOND PROCEEDS TO PAY CERTAIN INTEREST.","body":"The district may use bond proceeds to pay or to establish a reasonable reserve to pay not more than three years' interest on the notes and bonds of the district as provided in the bond orders or resolutions.\nAdded by Acts 1979, 66th Leg., p. 882, ch. 402, Sec. 1, eff. Aug. 27, 1979.","path":["WATER CODE","TITLE 4. GENERAL LAW DISTRICTS","CHAPTER 54. MUNICIPAL UTILITY DISTRICTS","SUBCHAPTER F. ISSUANCE OF BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.54.htm#54.521","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"533ee551703d253265c67f971b6e99da80cedbbf21fe5f71f4702fdea640c754","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-54.520","next":"us-tx/tex.-water-code-54.522"},"notice":"GroundRules: Original legal text. Not legal advice."}