Water Code › Title 4 › Chapter 54 › Subchapter F
Texas Water Code § 54.521
Use of Bond Proceeds to Pay Certain Interest
Municipal Utility Districts · Issuance of Bonds
The district may use bond proceeds to pay or to establish a reasonable reserve to pay not more than three years' interest on the notes and bonds of the district as provided in the bond orders or resolutions.
Official text of the Texas Water Code as published by the Texas Legislative Council.
Legislative history
Added by Acts 1979, 66th Leg., p. 882, ch. 402, Sec. 1, eff. Aug. 27, 1979.
Sections that refer to this one
