1201.042 – USE OF CERTAIN PROCEEDS. (a) An issuer may use
Texas Government Code § 1201.042
Summary
This law allows issuers to use proceeds from public securities for specific financial needs related to projects or facilities. It covers the payment of interest during construction and operational costs during the improvement period.
Proceeds can cover interest payments during project development.
Funds may be used for project operation and maintenance.
Applicable to public securities financing construction or improvements.
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In simple terms: Learn about Texas's USE OF CERTAIN PROCEEDS. (a) An issuer may use law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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