111.0705 – BUDGET FOR EXPENDITURES FROM PROCEEDS OF BONDS
Texas Local Government Code § 111.0705
Summary
This law requires a county's commissioners court to adopt a budget for expenditures when a bond issue is approved or other obligations are issued. It ensures that there is a clear plan for how the proceeds from these financial instruments will be spent.
Commissioners court must adopt a budget for bond proceeds.
Applies when bonds are approved or obligations issued.
Ensures accountability in the use of public funds.
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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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