Tex. Gov't Code § 436.158 · Subchapter D. FISCAL PROVISIONS
ISSUANCE OF GENERAL OBLIGATION BONDS AND NOTES FOR MILITARY VALUE ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Texas Public Finance Authority may issue and sell general obligation bonds and notes of the state, as authorized by Section 49-n, Article III, Texas Constitution, for the purpose of providing money to establish the Texas military value revolving loan account.
(b) The proceeds of the bonds and notes shall be deposited into the Texas military value revolving loan account or into other separate funds as may be required to provide for payment of issuance and administrative costs and may be used as authorized by Section 49-n, Article III, Texas Constitution, including:
(1) to fund loans approved under Section 436.153, 436.1531, or 436.1532;
(2) to pay the costs of issuing and selling bonds and notes; and
(3) to pay the costs of administering the bonds and notes and the loan program, including the payment of fees and expenses of advisors.
(c) The bonds and notes shall be issued in accordance with and subject to the provisions of Chapters 1201, 1207, 1231, 1232, and 1371.
(d) In connection with bonds or notes issued under this section, the Texas Public Finance Authority may enter into one or more credit agreements at any time for a period and on conditions the authority approves.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 149, Sec. 3, eff. September 13, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 43 (H.B. 2546), Sec. 15, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.436.htm
- Text hash
- sha256 5f6663ddbcdc7817692636c90329da0f3706ce1e72d92ca46721e89a620c513a
- 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.
Government Code
- Tex. Gov't Code § 436.153LOANS.Printed as Section 436.153, 436.1531, or 436.1532
- Tex. Gov't Code § 436.1531LOANS FOR COMMUNITIES ADVERSELY AFFECTED BY DEFENSE BASE REDUCTION.Printed as Section 436.153, 436.1531, or 436.1532
- Tex. Gov't Code § 436.1532LOANS FOR COMMUNITIES POSITIVELY AFFECTED BY DEFENSE BASE RESTRUCTURING.Printed as Section 436.153, 436.1531, or 436.1532
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 436.158. Each shows the citation as that text prints it.
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