Texas Special District Local Laws Code

§ 1048.209 — USE OF BOND PROCEEDS

SD § 1048.209Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1048. KARNES COUNTY 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 operation and maintenance of a project or facility to be provided through the bonds:

(A)during an estimated period of acquisition or construction, not to exceed five years; and

(B)for one year after the project or facility is acquired or constructed;

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.