Tex. Gov't Code § 1401.082 · Subchapter E. REVENUE BOND PROJECTS
REVENUE BOND REPAYMENT AND LEASE AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In accordance with a lease agreement, the appropriate agency, with money appropriated for the purpose, shall pay to the board an amount the board determines to be sufficient to:
(1) pay the principal of and interest on the bonds issued under Section 1401.061;
(2) maintain a reserve fund necessary to service the debt; and
(3) reimburse the authority for other costs and expenses relating to:
(A) a project; or
(B) the outstanding bonds.
(b) For purposes of this section, a state agency may enter into a lease agreement in the name of and on behalf of the state.
(c) A state agency shall include in its biennial appropriation request an amount sufficient to pay the principal of and interest on outstanding bonds issued under Section 1401.061 for the agency.
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 a58c3b8af56c1a734bc9c8daabe88b941cfc2f8c46797a854b615d6252545c7a
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.