Tex. Spec. Dist. Local Laws Code Section 1050.209
Use of Bond Proceeds

The district may use the proceeds of bonds issued under this subchapter to pay:

(1)

any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;

(2)

interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;

(3)

costs related to the operation and maintenance of a project or facility to be provided through the bonds:

(A)

during an estimated period of acquisition or construction, not to exceed five years; and

(B)

for one year after the project or facility is acquired or constructed;

(4)

costs related to the financing of the bond funds, including debt service reserve and contingency funds;

(5)

costs related to the bond issuance;

(6)

costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and

(7)

costs of construction of a project or facility to be provided through the bonds, including the payment of related professional services and expenses.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1040 (H.B. 2907), Sec. 10, eff. June 14, 2013.

Source: Section 1050.209 — Use of Bond Proceeds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1050.­htm#1050.­209 (accessed May 4, 2024).

1050.001
Definitions 1050.002
Authority for Operation 1050.003
Political Subdivision 1050.004
District Territory 1050.005
Correction of Invalid Procedures 1050.006
Public Purpose 1050.051
Board Election and Appointment 1050.052
Notice of Election 1050.053
Ballot Application 1050.054
Qualifications for Office 1050.055
Bond 1050.056
Board Vacancy 1050.057
Director Rights, Privileges, and Duties 1050.058
Officers 1050.059
Compensation 1050.060
Voting Requirement 1050.061
Employees 1050.062
Maintenance of Records 1050.063
Seal 1050.101
District Responsibility 1050.102
Restriction on County or Municipality Taxation and Debt 1050.103
Rules 1050.104
Purchasing and Accounting Procedures 1050.105
Eminent Domain 1050.106
Gifts and Endowments 1050.107
Payment for Treatment 1050.108
Authority to Sue and Be Sued 1050.151
Budget 1050.152
Proposed Budget: Notice and Hearing 1050.153
Fiscal Year 1050.154
Annual Audit 1050.155
Depository 1050.156
Authority to Borrow Money 1050.201
General Obligation Bonds 1050.202
Tax to Pay General Obligation Bonds 1050.203
General Obligation Bond Election 1050.205
Execution of General Obligation Bonds 1050.206
Revenue Bonds 1050.207
Refunding Bonds 1050.208
Additional Means of Securing Repayment of Bonds 1050.209
Use of Bond Proceeds 1050.251
Imposition of Ad Valorem Tax 1050.252
Tax Rate 1050.253
Election to Increase Maximum Tax Rate 1050.254
Tax Assessor-collector 1050.301
Dissolution 1050.302
Notice of Election 1050.303
Ballot 1050.304
Election Results 1050.305
Transfer or Administration of Assets 1050.306
Imposition of Tax and Return of Surplus Taxes 1050.307
Report
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Accessed:
May 4, 2024

§ 1050.209’s source at texas​.gov