Texas Government Code 1371.102 – Use of Certain Proceeds
Current as of: 2024 | Check for updates
|
Other versions
(a) The proceeds from the sale of an obligation may be deposited or invested in any manner and in any obligation specified in the obligation authorization.
(b) A project cost incurred before the issuance of an obligation issued to finance the related eligible project may be reimbursed from the proceeds from the sale of the obligation.
Terms Used In Texas Government Code 1371.102
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.