Texas § SD.9305.0505 - USE OF BOND PROCEEDS
Full text of Texas The Texas Constitution § SD.9305.0505 — USE OF BOND PROCEEDS, with citation guidance and answers to common questions.
§ SD.9305.0505. USE OF BOND PROCEEDS
USE OF BOND PROCEEDS. (a) The district may set aside an amount of proceeds from the sale of district bonds for the payment of interest to accrue during construction and for one year after construction and a reserve interest and sinking fund. (b) The district may use proceeds from the sale of the bonds to pay any expense incurred in accomplishing the purpose for which the district is created, including: (1) the cost of printing and issuing the bonds; and (2) payment of fees associated with attorneys, fiscal agents, and engineers. (c) Pending the use of bond proceeds for the purpose for which the bonds were issued, the board may invest the proceeds in obligations of or guaranteed by the United States. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615 ), Sec. 1.04, eff. April 1, 2027. Text of section effective on April 01, 2027
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.9305.0505
What does The Texas Constitution § SD.9305.0505 cover?
Section SD.9305.0505 ("USE 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 § SD.9305.0505?
A common citation format is "The Texas Constitution § SD.9305.0505" (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.9305.0505 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.