Tex. Gov't Code § 1232.122 · Subchapter C. OBLIGATIONS
COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR LEASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The acquisition or construction of a building or the purchase or lease of equipment may begin after:
(1) the authority has certified that obligations in an amount sufficient to pay the construction or purchase price of the project have been authorized for issuance by the authority and approved by the Bond Review Board; or
(2) the proceeds have been deposited into the state treasury and:
(A) the comptroller has certified that the proceeds are available;
(B) the reserve funds and capitalized interest, as certified by the authority as reasonably required, have been paid; and
(C) the costs of issuing the obligations, as certified by the authority, have been paid.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.010(a), eff. Sept. 1, 2001.
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 f561a26789a7f2408ecca85bfe1d9efca7ffcc04f0b0aa652b63f05374252f3a
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.