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

Accessed:
Jun. 5, 2024

§ 1087.209’s source at texas​.gov