Sec. 383.083. USE OF BOND PROCEEDS. The district may use bond proceeds to: (1) pay interest on the bonds during and after the period of the acquisition or construction of a project; (2) pay administrative and operating expenses; (3) create a reserve fund for the payment of principal and interest on the bonds; and (4) pay all expenses incurred or that will be incurred in the issuance, sale, and delivery of the bonds.
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