Tex. Spec. Dist. Local Laws Code Section 1087.209
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)

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 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Source: Section 1087.209 — Use of Bond Proceeds, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1087.­htm#1087.­209 (accessed Jun. 5, 2024).

1087.001
Definitions 1087.002
Authority for Creation 1087.003
Political Subdivision 1087.004
District Territory 1087.005
Consolidation of District and Mccamey County Hospital District 1087.051
Board Election 1087.052
Notice of Election 1087.053
Qualifications for Office 1087.054
Bond 1087.055
Board Vacancy 1087.056
Officers 1087.057
Voting Requirement 1087.058
District Administrator 1087.059
General Duties of District Administrator 1087.060
Assistant to District Administrator 1087.061
Legal Counsel 1087.062
Retirement Program 1087.063
Maintenance of Records 1087.101
District Responsibility 1087.102
Restriction on County or Municipality Taxation 1087.103
Purchasing and Accounting 1087.104
Eminent Domain 1087.105
Gifts and Endowments 1087.106
Construction Contracts 1087.107
Contracts with Governmental Entities for Care and Treatment 1087.108
Payment for Treatment 1087.109
Authority to Sue and Be Sued 1087.151
Budget 1087.152
Proposed Budget: Notice and Hearing 1087.153
Fiscal Year 1087.154
Annual Audit 1087.155
Financial Report 1087.156
Depository 1087.157
Investment Restrictions 1087.158
Authority to Borrow Money 1087.201
General Obligation Bonds 1087.202
Tax to Pay General Obligation Bonds 1087.203
General Obligation Bond Election 1087.204
Maturity of General Obligation Bonds 1087.205
Execution of General Obligation Bonds 1087.206
Revenue Bonds 1087.207
Refunding Bonds 1087.208
Additional Means of Securing Repayment of Bonds 1087.209
Use of Bond Proceeds 1087.251
Imposition of Ad Valorem Tax 1087.252
Tax Rate 1087.253
Assessment and Collection by County Tax Assessor-collector 1087.254
Election for Separate Tax Assessor and Separate Tax Collector 1087.255
Appointment of Separate Tax Assessor and Separate Tax Collector
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1087.209’s source at texas​.gov