Tex. Gov't Code § 2116.073 · Subchapter C. ACQUISITION OF REAL PROPERTY FOR DEPOSITORY
LEASING PROPERTY AND USE OF LEASE PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The comptroller may lease at fair market value any portion of a property acquired under this subchapter to a private tenant for commercial activities.
(b) Money received by the comptroller under a lease of property acquired under this subchapter may be used by the comptroller to:
(1) repay obligations issued under Section 1232.1026 and used to acquire the property or construct the building; or
(2) make payments under a lease-to-purchase agreement or other comparable financing agreement between the comptroller and the Texas Public Finance Authority.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230), Sec. 2, eff. June 18, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2116.htm
- Text hash
- sha256 66846ecd763e7985ace776739effa5194f3ecb276397c3c8933dc4fae07702b1
- 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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