Tex. Spec. Dist. Local Laws Code Section 1074.209
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 issuance of the bonds;

(6)

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

(7)

construction costs 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. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Section 1074.209 — Use of Bond Proceeds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1074.­htm#1074.­209 (accessed May 4, 2024).

1074.001
Definitions 1074.002
Authority for Operation 1074.003
Essential Public Function 1074.004
District Territory 1074.005
District Support and Maintenance Not State Obligation 1074.006
Restriction on State Financial Assistance 1074.051
Board Election 1074.052
Notice of Election 1074.053
Qualifications for Office 1074.054
Board Vacancy 1074.055
Officers 1074.056
Compensation 1074.057
Voting Requirement 1074.058
District Administrator 1074.059
General Duties of District Administrator 1074.060
Appointment of Staff and Employees 1074.101
District Responsibility 1074.102
Restriction on Political Subdivision Taxation and Debt 1074.103
Management, Control, and Administration 1074.104
Hospital System 1074.105
Rules 1074.106
Purchasing and Accounting Procedures 1074.107
District Property, Facilities, and Equipment 1074.108
Eminent Domain 1074.109
Gifts and Endowments 1074.110
Construction Contracts 1074.111
Operating and Management Contracts 1074.112
Contracts with Governmental Entities for Care and Treatment 1074.113
Contracts with Governmental Entities for Investigatory or Other Services 1074.114
Payment for Treatment 1074.115
Authority to Sue and Be Sued 1074.151
Budget 1074.152
Notice 1074.153
Amendments to Budget 1074.154
Restriction on Expenditures 1074.155
Fiscal Year 1074.156
Annual Audit 1074.157
Inspection of Annual Audit and District Records 1074.158
Financial Report 1074.159
Depository 1074.160
Investment Restrictions 1074.161
Authority to Borrow Money 1074.201
General Obligation Bonds 1074.202
Tax to Pay General Obligation Bonds 1074.203
Revenue Bonds 1074.204
Refunding Bonds 1074.205
Bond Election 1074.206
Maturity of Bonds 1074.207
Execution of Bonds 1074.208
Additional Means of Securing Payment of Bonds 1074.209
Use of Bond Proceeds 1074.210
Bonds Exempt from Taxation 1074.211
Security of Certain Bonds 1074.251
Imposition of Ad Valorem Tax 1074.252
Tax Rate
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 1074.209’s source at texas​.gov