Texas § SD.9051.252 - ISSUANCE OF BONDS
Full text of Texas The Texas Constitution § SD.9051.252 — ISSUANCE OF BONDS, with citation guidance and answers to common questions.
§ SD.9051.252. ISSUANCE OF BONDS
ISSUANCE OF BONDS. (a) To accomplish district purposes, the board may borrow money, issue bonds, and prescribe the method of payment of the bonds by the use of net revenue, taxes, or both net revenue and taxes. (b) Bonds must be authorized by a board resolution. (c) In the resolution authorizing the bonds, the district may set aside an amount from the bond proceeds for: (1) the payment of interest expected to accrue during construction; and (2) a reserve interest and sinking fund. (d) Bond proceeds may be used to pay all expenses necessarily incurred in accomplishing district purposes, including the expenses of issuing and selling the bonds. (e) Pending the use of bond proceeds for the purpose for which the bonds were issued, the board may invest the proceeds in obligations of the United States. Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162 ), Sec. 1.06, eff. April 1, 2017.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.9051.252
What does The Texas Constitution § SD.9051.252 cover?
Section SD.9051.252 ("ISSUANCE OF BONDS") 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.9051.252?
A common citation format is "The Texas Constitution § SD.9051.252" (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.9051.252 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.