Sec. 5012.0204. DEPOSIT OF PROCEEDS. The proceeds of sale of authority bonds shall be deposited in one or more banks or trust companies, and shall be paid out according to the terms on which the authority and the purchasers of the bonds agree.
Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Navigation Districts and Port Authorities
Chapter 5012 - Sabine Pass Port Authority
Section 5012.0201. Authority to Issue Bonds; Election
Section 5012.0202. Form of Bonds
Section 5012.0203. Terms of Issuance
Section 5012.0204. Deposit of Proceeds
Section 5012.0205. Resolution Provisions