The proceeds of the sale of bonds sold for cash shall be deposited and paid out under the terms that are agreed to by the governing body of the municipality and the purchasers of the bonds.
Tex. Transp. Code § 367.064
DEPOSIT OF PROCEEDS
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.