Texas Special District Local Laws Code - SDLL § 8262.202. Use of Bond Proceeds During Construction
Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) The district may appropriate or set aside out of the proceeds from the sale of any bonds issued under this chapter an amount for the payment of interest, administrative, and operating expenses expected to accrue during a period of construction, as may be provided in the bond orders or resolutions.
(b) For purposes of this section, the period of construction may not exceed three years.
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8262.202. Use of Bond Proceeds During Construction - last updated April 14, 2021 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8262-202.html
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