111.0105 – BUDGET FOR EXPENDITURES FROM PROCEEDS OF BONDS
Texas Local Government Code § 111.0105
Summary
This law requires a county's commissioners court to create a budget for spending proceeds from bond issues or other financial obligations. It ensures that there is a clear plan for how these funds will be used, particularly when a tax is levied to support them.
Commissioners court must adopt a budget for bond proceeds.
Applies to county bond issues and future revenue obligations.
Expenditures must follow the guidelines set in this subchapter.
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In simple terms: Learn about Texas's BUDGET FOR EXPENDITURES FROM PROCEEDS OF BONDS 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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