Sec. 505.302. PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS

Latest version.

The proceeds of the sales and use tax imposed under this chapter may be used to:
(1) pay the costs of projects of the types added to the definition of "project" by Subchapter D; or
(2) pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Type B corporation to:
(A) pay the costs of the projects; or
(B) refund bonds or other obligations issued to pay the costs of projects.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 3.01, eff. April 1, 2009.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');