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Tex. Gov't Code § 1501.157

USE OF PROCEEDS

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

A municipality shall use the proceeds from the sale of certificates of indebtedness issued under this subchapter for a purpose authorized by this subchapter.

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