Funds Set Aside From Bond Proceeds

Sec. 30.064. FUNDS SET ASIDE FROM BOND PROCEEDS. The district may set aside out of the proceeds from the sale of bonds: (1) interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing; and (2) reserve funds created by the resolution authorizing the bonds. Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977.