111.042 – BUDGET FOR EXPENDITURES FROM PROCEEDS OF BONDS OR
Texas Local Government Code § 111.042
Summary
This law requires counties to create a budget for spending proceeds from bond issues or other obligations that are funded by future tax revenues. It ensures that there is a clear plan for how these funds will be utilized once received.
Counties must adopt a budget for bond proceeds.
Applies to bonds issued at elections or against future revenues.
Expenditures must follow the specified subchapter guidelines.
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In simple terms: Learn about Texas's BUDGET FOR EXPENDITURES FROM PROCEEDS OF BONDS OR 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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