Tex. Spec. Dist. Local Laws Code Section 1083.208
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. 22.014(b), eff. September 1, 2011.

Source: Section 1083.208 — Use of Bond Proceeds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1083.­htm#1083.­208 (accessed Jun. 5, 2024).

1083.001
Definitions 1083.002
Authority for Creation 1083.003
Essential Public Function 1083.004
District Territory 1083.005
District Support and Maintenance Not State Obligation 1083.006
Restriction on State Financial Assistance 1083.051
Board Election 1083.052
Notice of Election 1083.053
Ballot Application 1083.054
Qualifications for Office 1083.055
Bond 1083.056
Board Vacancy 1083.057
Officers 1083.058
Compensation 1083.059
Voting Requirement 1083.060
District Administrator 1083.061
General Duties of District Administrator 1083.062
Employees 1083.063
Retirement Program 1083.101
District Responsibility 1083.102
Restriction on Political Subdivision Taxation and Debt 1083.103
Management, Control, and Administration 1083.104
Hospital System 1083.105
Rules 1083.106
Purchasing and Accounting Procedures 1083.107
Eminent Domain 1083.108
Gifts and Endowments 1083.109
Contracts with Governmental Entities for Care and Treatment 1083.110
Payment for Treatment 1083.111
Authority to Sue and Be Sued 1083.151
Budget 1083.152
Fiscal Year 1083.153
Audit 1083.154
Financial Report 1083.155
Depository 1083.201
General Obligation Bonds 1083.202
Tax to Pay General Obligation Bonds 1083.203
General Obligation Bond Election 1083.204
Execution of General Obligation Bonds 1083.205
Refunding Bonds 1083.206
Bonds Exempt from Taxation 1083.207
Additional Means of Securing Repayment of Bonds 1083.208
Use of Bond Proceeds 1083.251
Imposition of Ad Valorem Tax 1083.252
Tax Rate 1083.253
Tax Assessor-collector 1083.301
Dissolution 1083.302
Notice of Election 1083.303
Ballot 1083.304
Election Results 1083.305
Transfer or Administration of Assets 1083.306
Imposition of Tax and Return of Surplus Taxes 1083.307
Report 1083.2045
Revenue Bonds
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1083.208’s source at texas​.gov