Tex. Gov't Code § 1401.081 · Subchapter E. REVENUE BOND PROJECTS
CONDITIONS FOR BEGINNING PROJECT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The appropriate agency may begin an approved project financed under Subchapter D after:
(1) the authority has certified that the authority has authorized obligations in an amount sufficient to pay the construction or purchase price of the project under an interim construction finance agreement established by the authority in accordance with Chapter 1371; or
(2) the following conditions are met:
(A) the revenue bond proceeds are deposited;
(B) the comptroller has certified that the funds are available;
(C) any reserve funds or capitalized interest certified to be reasonably required by the authority has been transferred; and
(D) according to the authority's statement that specifies those costs, the costs of issuance of the bonds have been paid.
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.1401.htm
- Text hash
- sha256 3e6aa0fa52f226c33202fed53734bbde910dc874c06bd664689ed824ec828c82
- 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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