Deposit of Proceeds

Tex. Special District Local Laws Code § 5012.0204, under Chapter 5012. Sabine Pass Port Authority.

Tex. Special District Local Laws Code § 5012.0204

Sec. 5012.0204. DEPOSIT OF PROCEEDS. The proceeds of sale of authority bonds shall be deposited in one or more banks or trust companies, and shall be paid out according to the terms on which the authority and the purchasers of the bonds agree. Added by Acts 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.