<<Prev Rule

Texas Administrative Code

 Next Rule>>
TITLE 43TRANSPORTATION
PART 1TEXAS DEPARTMENT OF TRANSPORTATION
CHAPTER 15FINANCING AND CONSTRUCTION OF TRANSPORTATION PROJECTS
SUBCHAPTER NSTATE HIGHWAY PROJECTS FINANCED THROUGH THE ISSUANCE OF BONDS AND OTHER PUBLIC SECURITIES
RULE §15.172Use of Proceeds
(a) Transportation Code, §222.003(e) establishes certain prohibitions on the use of proceeds from the sale of the bonds.

(b) The proceeds of the bonds authorized by Transportation Code, §222.003 shall be used to fund state highway improvement projects. Transportation Code, §222.003(d), allocates a specified portion of those proceeds to safety projects.

Source Note: The provisions of this §15.172 adopted to be effective April 15, 2004, 29 TexReg 3649; amended to be effective August 21, 2008, 33 TexReg 6609

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page