Beaumont Texas W9 Ument 2025

Beaumont Texas W9 Ument: What You Should Know

City of Beaumont, Texas, Ordinance Title 39, § 39-095. (a) Tax revenues may be deposited into the Capital Improvement Fund of the City of Beaumont for the purposes and in the amounts provided herein. (b) The capital improvement fund is hereby created and maintained. The fund shall consist of the following: (1) Real property. (2) Buildings and other improvements. (3) Cash advances, proceeds from the sale of bonds and deposits in the capital improvement fund. (d) A city of Beaumont, Texas, may borrow money from the general fund of the State of Texas in any amount needed to provide capital improvement projects, including, without limitation: (1) Real property. (2) Buildings or other improvements. (3) Cash advances, proceeds from bonds and deposits in the capital improvement fund. (4) For projects that provide for the construction and modernization of public-use facilities, including, without limitation: roads, streets, alleyways, bridges, drains, sewers, sanitary sewers, storm drains or drainage systems, gas, electric, water, drainage, sanitary, steam, telephone, cable, and telephone systems; public schools; fire-fighting systems; fire-fighting training equipment; and emergency medical services; or other improvements to structures including the public buildings and facilities located on such premises and on which public utilities are located; including, without limitation: private schools, hospitals, nursing homes, hospitals, schools, museums, and similar public institutions; public libraries; libraries; libraries; and public-use and library facilities; (5) For projects that are in the nature of capital improvement projects for which a loan is required only for a specified period of time after the funds received are expended, subject only to the requirements and limitations of local and State law relating to bonds and other financial obligations of the city, including State bonding and other financial obligations of the State of Texas and local and State bonding and other financial obligations of the public utility providing electricity, steam, lighting, or gas for such facilities or improvements; the City of Beaumont, Texas, may borrow money for such projects only from bonds issued by the City of Beaumont, Texas for the same purposes to which the bonds issued for such projects are intended solely.

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