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Tex. Gov't Code § 1473.142

USE OF BOND PROCEEDS

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff

The commissioners court may set aside from the bond proceeds:

(1) money to pay interest on the bonds; and

(2) money in the amount the commissioners court estimates to be required for operating expenses until the parking facility becomes sufficiently operational.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.