Texas § CV.5 - CONDITIONS AFFECTING EXPENDITURE OF BOND PROCEEDS
Full text of Texas The Texas Constitution § CV.5 — CONDITIONS AFFECTING EXPENDITURE OF BOND PROCEEDS, with citation guidance and answers to common questions.
§ CV.5. CONDITIONS AFFECTING EXPENDITURE OF BOND PROCEEDS
CONDITIONS AFFECTING EXPENDITURE OF BOND PROCEEDS. (a) Expenditures of the bond proceeds by the municipality shall: (1) be made in accordance with the covenants of all ordinances enacted by the municipality before the bond election approving the bonds; (2) benefit the residents of the municipality so that the benefits or expenditures, if feasible, reflect the demographic makeup of the municipality; and (3) to the extent the proceeds are designated for housing in the municipality's bond proposition, be made for construction and rehabilitation of housing and all matters incidental to housing construction and rehabilitation on-site. (b) This section applies cumulatively to the entire bond authorization, rather than to individual bond issues or contracts for the expenditure of the proceeds, and the municipality's governing body is responsible for making decisions on individual bond issues and contracts. Added by Acts 1993, 73rd Leg., ch. 6, Sec. 2, eff. March 8, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § CV.5
What does The Texas Constitution § CV.5 cover?
Section CV.5 ("CONDITIONS AFFECTING EXPENDITURE OF BOND PROCEEDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § CV.5?
A common citation format is "The Texas Constitution § CV.5" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § CV.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.