Sec. 5018.0207. USE OF BOND PROCEEDS. The board may appropriate or set aside out of the proceeds from the sale of any district bonds:
(1) an amount for the payment of interest expected to accrue during the period of construction of the improvements or facilities; and
(2) an amount necessary to pay all expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.
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 5018 - Orange County Navigation and Port District of Orange County, Texas
Section 5018.0202. Authority to Issue Bonds
Section 5018.0203. Election for Bonds Payable From Ad Valorem Taxes
Section 5018.0205. Form of Bonds