Tex. Gov't Code § 1232.202 · Subchapter D. LEASE AND CONVEYANCE OF PROPERTY BY AUTHORITY
CONTRACTS CONTINGENT ON LEGISLATIVE APPROPRIATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each lease or installment sale contract entered into under this chapter is contingent on the legislature's appropriation of sufficient funds.
(b) The board may act as necessary to ensure that the payment of the principal of and interest on obligations is continued without interruption if:
(1) sufficient appropriated funds are unavailable;
(2) the commission or another state agency fails to pay a rental or installment; or
(3) the commission or another state agency fails to renew a lease contract.
(c) Permissible actions under Subsection (b) include:
(1) the re-leasing or subleasing of buildings or equipment to any entity; and
(2) the repossession and resale of equipment to any entity.
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 0e77d3ac42231115836030adfc95cb0c3357e4dee4f90c922f2bd43c8b53fc35
- 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.