Texas Special District Local Laws Code

§ 1044.209 — USE OF BOND PROCEEDS

SD § 1044.209Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1044. HUNT MEMORIAL HOSPITAL DISTRICT · Art. E. BONDS

Statute text

The district may use the proceeds of bonds issued under this subchapter to pay:

(1)any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;

(2)interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;

(3)costs related to the financing of the bond funds, including debt service reserve and contingency funds;

(4)costs related to the bond issuance;

(5)costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and

…

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 377 (H.B. 797), Sec. 4, eff. June 10, 2015.