Texas § SD.1061.206 - USE OF REVENUE BOND PROCEEDS
Full text of Texas The Texas Constitution § SD.1061.206 — USE OF REVENUE BOND PROCEEDS, with citation guidance and answers to common questions.
§ SD.1061.206. USE OF REVENUE BOND PROCEEDS
USE OF REVENUE BOND PROCEEDS. (a) If permitted in the bond order, any required part of the proceeds from the sale of the revenue bonds may be used to: (1) pay interest on the bonds during the period of the construction of a hospital facility to be provided through the issuance of the bonds; (2) pay operation and maintenance expenses of the facility to the extent and for the time specified in the bond order; and (3) create reserves for the payment of the principal of and interest on the bonds. (b) The bond proceeds may be invested until needed to the extent and in the manner provided by the bond order. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619 ), Sec. 1.01, eff. April 1, 2011.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.1061.206
What does The Texas Constitution § SD.1061.206 cover?
Section SD.1061.206 ("USE OF REVENUE 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 § SD.1061.206?
A common citation format is "The Texas Constitution § SD.1061.206" (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 § SD.1061.206 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.