Tex. Spec. Dist. Local Laws Code Section 8274.203
Use of Bond Proceeds During Construction

(a)

The district may appropriate or set aside out of the proceeds from the sale of any bonds issued under this chapter an amount for the payment of interest, administrative, and operating expenses expected to accrue during a period of construction, as may be provided in the bond orders or resolutions.

(b)

For purposes of this section, the period of construction may not exceed three years.

Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.04, eff. April 1, 2011.

Source: Section 8274.203 — Use of Bond Proceeds During Construction, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8274.htm#8274.203 (accessed Jun. 5, 2024).

8274.001
Definitions 8274.002
Nature of District 8274.003
Findings of Benefit and Public Purpose 8274.004
District Territory 8274.005
Expansion of District 8274.006
State Policy Regarding Waste Disposal 8274.007
Liberal Construction of Chapter 8274.051
Composition of Board 8274.052
Director’s Bond 8274.053
Absence or Inaction of Board President 8274.054
District Office 8274.101
Municipal Utility District Powers 8274.102
Additional Powers 8274.103
Eminent Domain 8274.104
Cost of Relocating or Altering Property 8274.105
Contract for Purchase of Water, Sewer, or Drainage Services 8274.106
Notice of Election 8274.151
Tax Method 8274.152
Tax to Pay Obligations Incurred Under Contract for Water Purchase 8274.153
District Accounts 8274.154
Fiscal Year 8274.155
Copy of Audit Report 8274.156
Payment of Tax or Assessment Not Required 8274.157
Depository 8274.201
Authority to Issue Bonds 8274.202
Use of Bond Proceeds Outside District 8274.203
Use of Bond Proceeds During Construction 8274.204
Lost or Mutilated Bonds 8274.205
Refunding Bonds

Accessed:
Jun. 5, 2024

§ 8274.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._spec._dist._local_laws_code_section_8274.203

Original Source: Section 8274.203 — Use of Bond Proceeds During Construction, https://statutes.capitol.texas.gov/Docs/SD/htm/SD.8274.htm#8274.203 (last accessed Jun. 5, 2024).