Sec. 285.028. USE OF PROCEEDS; INITIAL COSTS. An amount necessary for the payment of not more than two years' interest on the bonds and an amount estimated by the commissioners court to be required for operating expenses until the parking station becomes sufficiently operative may be set aside out of the proceeds from the sale of the bonds.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Subtitle D - Hospital Districts
Chapter 285 - Special Provisions Relating to Hospital Districts
Subchapter B. Parking Stations Near Hospitals in Counties of at Least 1.5 Million
Section 285.022. Authority to Construct, Improve, Operate, and Lease Parking Station
Section 285.023. Authority to Issue Revenue Bonds; Security
Section 285.024. Form and Execution of Bonds
Section 285.026. Approval and Registration of Bonds
Section 285.028. Use of Proceeds; Initial Costs