Sec. 8104.311. BOND OR NOTE SALE PROCEEDS. Proceeds from the sale of bonds or notes issued by the authority shall be:
(1) deposited in a depository bank; and
(2) paid out under the terms to which the authority and the purchasers agree.
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.06, eff. April 1, 2007.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle F - Municipal Utility Districts
Chapter 8104 - Baytown Area Water Authority
Section 8104.301. Borrowing Through Bonds or Notes
Section 8104.302. Refunding Bonds
Section 8104.303. Form of Bonds; Liability
Section 8104.305. Resolution and Trust Indenture Provisions
Section 8104.306. Security for Bonds or Notes
Section 8104.307. Trust Indenture
Section 8104.308. Additional Security
Section 8104.309. Review and Approval of Contracts Relating to Bonds or Notes
Section 8104.310. Bonds and Notes Exempt From Taxation
Section 8104.311. Bond or Note Sale Proceeds
Section 8104.312. Investment of Funds and Use of Proceeds
Section 8104.313. Appointment of Receiver
Section 8104.315. State Pledge Regarding Rights and Remedies of Bond or Note Holders
Section 8104.316. Limitation on Right of Bond or Note Holders