Tex. Spec. Dist. Local Laws Code Section 1056.207
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 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303), Sec. 22.005(a), eff. September 1, 2011.

Source: Section 1056.207 — Use of Bond Proceeds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1056.­htm#1056.­207 (accessed Apr. 29, 2024).

1056.001
Definitions 1056.002
Authority for Operation 1056.003
District Territory 1056.051
Board Appointment 1056.052
Board Vacancy 1056.053
Nonattendance 1056.054
Officers 1056.055
Compensation 1056.056
Quorum 1056.057
Records of Proceedings 1056.058
District Administrator 1056.059
General Duties of District Administrator 1056.060
Assistant Administrator 1056.061
Legal Counsel 1056.062
Employees 1056.063
Retirement Program 1056.101
District Responsibility 1056.102
Restriction on County or Municipality Taxation 1056.103
Management, Control, and Administration 1056.104
Rules 1056.105
Purchasing and Accounting Procedures 1056.106
Eminent Domain 1056.107
Gifts and Endowments 1056.108
Contracts with Governmental Entities for Care and Treatment 1056.109
Payment for Treatment 1056.110
Authority to Sue and Be Sued 1056.151
Budget 1056.152
Annual Audit 1056.153
Financial Report 1056.154
Depository 1056.201
General Obligation Bonds 1056.202
Tax to Pay General Obligation Bonds 1056.203
General Obligation Bond Election 1056.204
Refunding Bonds 1056.205
Execution of Bonds 1056.206
Additional Means of Securing Repayment of Bonds 1056.207
Use of Bond Proceeds 1056.251
Imposition of Ad Valorem Tax 1056.252
Tax Rate 1056.253
Tax Assessor-collector 1056.301
Dissolution 1056.302
Notice of Election 1056.303
Ballot 1056.304
Election Results 1056.305
Transfer or Administration of Assets 1056.306
Imposition of Tax and Return of Surplus Taxes 1056.307
Report 1056.0515
Qualifications for Office 1056.0625
Employment of Physicians and Other Health Care Providers 1056.2035
Revenue Bonds
Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 1056.207’s source at texas​.gov