This law outlines the conditions under which an agency can start a project that is financed through specific revenue bonds. It ensures that the necessary financial obligations are met before project initiation, impacting agencies involved in public construction or purchase projects.
Agency must certify sufficient funding for the project.
Revenue bond proceeds must be deposited before starting.
Applies to projects financed under Subchapter D.
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In simple terms: Learn about Texas's CONDITIONS FOR BEGINNING PROJECT. The 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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