Texas § TN.283.201 - BOND PROCEEDS
Full text of Texas The Texas Constitution § TN.283.201 — BOND PROCEEDS, with citation guidance and answers to common questions.
§ TN.283.201. BOND PROCEEDS
BOND PROCEEDS. (a) Except as provided in Subsection (b), the proceeds of bonds issued under this chapter shall be: (1) used only to pay the cost of the project described by Section 283.202 ; and (2) disbursed consistent with the terms of the bond instrument. (b) Bond proceeds remaining after the cost of the project has been paid in full shall be used to pay interest on and retire the bonds. (c) Unless otherwise provided in a bond instrument, if the bond proceeds are insufficient to pay the cost of the project, additional bonds may be issued up to the amount of the deficit and the bonds are: (1) considered part of the same issue as the bonds first issued; and (2) entitled to payment from the same fund without preference or priority of the bonds first issued. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Frequently Asked Questions About Texas § TN.283.201
What does The Texas Constitution § TN.283.201 cover?
Section TN.283.201 ("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 § TN.283.201?
A common citation format is "The Texas Constitution § TN.283.201" (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 § TN.283.201 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.