Tex. Gov't Code § 1232.107 · Subchapter C. OBLIGATIONS
PURCHASE OF OBLIGATIONS FOR ALTERNATIVE FUEL PROJECTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The authority may use the proceeds of obligations issued under Section 1232.104 to purchase, at a price determined by the authority, an obligation of an entity described by Section 1232.104(a) that evidences the entity's obligation to repay the authority. Notwithstanding any other law, the authority may acquire an obligation of an entity described by Section 1232.104(a) in a private sale as provided by resolution or order of the governing body of the entity.
(b) An entity described by Section 1232.104(a) may borrow from the authority by selling an obligation to the authority.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1232.htm
- Text hash
- sha256 cfd8ff4a38b86f2624f1252f5714a1132e4c5a734a3657949d8527a57ffd1447
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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