Sec. 1471.028.  USE OF SURPLUS SINKING FUND.  An amount remaining in the sinking fund after the principal of and interest on the bonds are fully paid may be used by a political subdivision:
(1)  for the construction, maintenance, and operation of macadamized, graveled, or paved roads or turnpikes;
(2)  to aid a purpose described by Subdivision (1);  or
(3)  for a permanent improvement authorized by law as determined by the officials of the political subdivision.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.