The board may provide in a resolution authorizing the issuance of department bonds that part of the proceeds from the sale of the bonds may be used to:
- (1) pay the costs and expenses of issuing the bonds;
- (2) pay interest on the bonds during a period required by the board;
- (3) pay or repay the department's operation and maintenance expenses to the extent and for the period specified in the resolution; and
- (4) fund, increase, or restore any depletions of the reserve fund or of other reserves or funds for any purpose.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.