Texas Water Code

§ 56.809 — UNEXPENDED BOND PROCEEDS

WA § 56.809Title 4. GENERAL LAW DISTRICTS · Ch. 56. DRAINAGE DISTRICTS · Art. K. CONSOLIDATION OF DISTRICTS

Statute text

Any money received from the sale of bonds by a consolidating district that has not been spent before the date of consolidation may be spent by the consolidated district only on the project for which the bonds were issued.

Legislative history

Added by Acts 1999, 76th Leg., ch. 222, Sec. 12, eff. Sept. 1, 1999.