Sec. 30.064. FUNDS SET ASIDE FROM BOND PROCEEDS. The district may set aside out of the proceeds from the sale of bonds:
(1) interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing; and
(2) reserve funds created by the resolution authorizing the bonds.
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle D - Water Quality Control
Chapter 30 - Regional Waste Disposal
Subchapter C. District Revenue Bonds
Section 30.051. Issuance of Bonds
Section 30.052. Form, Denomination, Interest Rate
Section 30.053. Refunding Bonds
Section 30.054. Sale or Exchange of Bonds
Section 30.056. Attorney General's Examination
Section 30.057. Registration by Comptroller
Section 30.058. Validation Suit
Section 30.059. Bonds Incontestable
Section 30.060. Negotiable Instruments
Section 30.061. Investment Securities Under Uniform Commercial Code
Section 30.062. Bonds as Authorized Investments
Section 30.063. Security for Deposits
Section 30.064. Funds Set Aside From Bond Proceeds