Texas Water Code

§ 30.064 — FUNDS SET ASIDE FROM BOND PROCEEDS

WA § 30.064Title 2. WATER ADMINISTRATION · Part D. WATER QUALITY CONTROL · Ch. 30. REGIONAL WASTE DISPOSAL · Art. C. DISTRICT REVENUE BONDS

The district may set aside out of the proceeds from the sale of bonds:

(1)interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing; and

(2)reserve funds created by the resolution authorizing the bonds.

Legislative history

Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977.