Sec. 30.064. FUNDS SET ASIDE FROM BOND PROCEEDS. The district may set aside out of the proceeds from the sale of bonds:
(1) interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing; and
(2) reserve funds created by the resolution authorizing the bonds.
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977.
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