Sec. 9059.205. USE OF BOND PROCEEDS. The district may appropriate and pay from the proceeds of the sale of bonds the interest to accrue on the bonds for a period not to exceed three years from their date.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle I - Water Control and Improvement Districts
Chapter 9059 - Rio Grande Palms Water District
Section 9059.201. Authority to Issue Bonds
Section 9059.202. Exchanging Bonds for Property
Section 9059.203. Certain Bond Covenants Authorized
Section 9059.205. Use of Bond Proceeds