Sec. 7502.202. PURPOSE OF BONDS. Bonds sold under this subchapter must be for the purpose of:
(1) constructing improvements, additions, and extensions to the authority's water system and rebuilding, replacing, or protecting the water system as required to provide efficient service;
(2) acquiring necessary sites and easements; and
(3) paying any incidental costs, professional fees, and costs of issuance of the bonds.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.05, eff. April 1, 2007.
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