Sec. 62.151. CONSTRUCTION AND MAINTENANCE FUND. (a) The construction and maintenance fund shall include money received from the sale of bonds and all other sources except tax collections placed in the sinking fund to pay the principal of and the interest on bonds.
(b) After the original petition is filed, all expenses necessarily incurred in connection with the creation, establishment, and maintenance of the district shall be paid from the construction and maintenance fund.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 62 - Article Xvi, Section 59, Navigation Districts
Subchapter E. General Fiscal Provisions
Section 62.151. Construction and Maintenance Fund
Section 62.152. Payment of Expenses
Section 62.153. Duties of District Treasurer; Authority of Designated Officer
Section 62.154. Applicability of Sections 62
Section 62.155. Deposit in Banking Corporation
Section 62.156. Selection of Depository