Tex. Gov't Code Section 1401.061
Revenue Bonds

(a)

The authority may:

(1)

issue revenue bonds; and

(2)

distribute the bond proceeds to any appropriate agency to:

(A)

acquire, construct, or equip a new facility; or

(B)

make a major repair of or renovate a:
(i)
facility;
(ii)
corrections institution, including a facility authorized by Section 495.001 (Authority to Contract)(a) or 495.021 (Lease-purchase, Installment Contracts)(a);
(iii)
criminal justice facility for the Texas Department of Criminal Justice;
(iv)
youth corrections institution; or
(v)
mental health institution or intellectual disability institution.

(b)

The bond proceeds may be used to refinance an existing obligation for a purpose described by Subsection (a).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 30 (H.B. 446), Sec. 5.23, eff. September 1, 2023.

Source: Section 1401.061 — Revenue Bonds, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1401.­htm#1401.­061 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 1401.061’s source at texas​.gov