Sec. 3831.156. PROJECT FUND. (a) The district by resolution shall establish a project fund.
(b) The district may establish separate accounts in the project fund.
(c) The district shall deposit into the project fund all money acquired or received by the district, including:
(1) the proceeds from an ad valorem tax imposed by the district; and
(2) revenue from the sale of district obligations.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3831 - Temple Health and Bioscience Economic Development District
Subchapter D. General Financial Provisions
Section 3831.151. Use of District Money
Section 3831.153. Disbursements or Transfers of Money
Section 3831.154. Depository Institution
Section 3831.155. Accounts; Fiscal Year