Sec. 30.064.  FUNDS SET ASIDE FROM BOND PROCEEDS.  The district may set aside out of the proceeds from the sale of bonds:
(1)  interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing;  and
(2)  reserve funds created by the resolution authorizing the bonds.
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977.