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Texas Local Government Code - LOC GOV'T § 293.056. Initial Interest

Current as of January 01, 2024 | Updated by Findlaw Staff

The board may set aside the following money from the proceeds from the sale of bonds:

(1) money necessary to pay interest on the bonds for not more than two years; and

(2) money that the board estimates to be necessary to pay the authority's operating expenses for its first year of operation.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 293.056. Initial Interest - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-293-056/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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