Text of section effective on April 01, 2021

Sec. 5018.0207. USE OF BOND PROCEEDS. The board may appropriate or set aside out of the proceeds from the sale of any district bonds:

(1) an amount for the payment of interest expected to accrue during the period of construction of the improvements or facilities; and

(2) an amount necessary to pay all expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.

Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.