Tex. Nat. Res. Code § 161.016 · Subchapter B. ADMINISTRATIVE PROVISIONS

FISCAL AGENT.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

(a) The board may designate the comptroller as the fiscal agent for payment of principal of and interest on the bonds.

(b) The comptroller shall act as fiscal agent without compensation.

(c) In the alternative, the board may employ a private fiscal agent to perform these services and shall pay him adequate compensation.

Notes and commentary — not statutory text

History

Acts 1977, 65th Leg., p. 2656, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 14.16, eff. Sept. 1, 1997.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/NR/htm/NR.161.htm
Text hash: sha256 866c1da76b0c230f3bc5d76ecbea9420c0af8cd67e1f82b9970b78de3f6f6374
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.