Sec. 107.004. PROCEEDS OF OBLIGATIONS ISSUED. The municipality shall deposit the net proceeds of obligations issued under Section 107.003 to the credit of the public pension fund. The amount deposited under this section becomes part of the public pension fund's assets.
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.
Structure Texas Statutes
Subtitle A - Municipal Finances
Chapter 107 - Obligations for Certain Liabilities to Public Pension Funds of a Municipality
Section 107.002. Definition of "Public Pension Fund
Section 107.003. Pension Fund Obligations Authorized
Section 107.0036. Voter Approval Required for Certain Pension Fund Obligations
Section 107.004. Proceeds of Obligations Issued
Section 107.005. Payment of Obligations
Section 107.006. Obligation as Refinancing
Section 107.007. Sale of Obligations; Maturity