Tex. Gov't Code Section 2116.073
Leasing Property and Use of Lease Proceeds

(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 (Issuance of Bonds for Texas Bullion Depository Buildings) 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.

Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230), Sec. 2, eff. June 18, 2021.

Source: Section 2116.073 — Leasing Property and Use of Lease Proceeds, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2116.htm#2116.073 (accessed Apr. 29, 2024).

2116.001
Definitions 2116.002
Texas Bullion Depository 2116.003
Depository Administration 2116.004
Deposits and Related Assets Not Subject to Legislative Appropriation 2116.005
Deposits and Depository Accounts 2116.006
Demand, Presentment, Withdrawal, Delivery, and Settlement 2116.007
Transfer of Depository Account Balance 2116.008
Depository Account Contracts 2116.009
Cause of Action for Denial of Deposit Liability 2116.010
Fees 2116.011
Depository Account Ownership by Owner of Record 2116.012
Transfer of Depository Account 2116.013
Depository Accounts Not Interest-bearing 2116.014
Lien on Depository Account 2116.015
Depository Account as Legal Investment 2116.016
Applicability of Estates Code 2116.017
Pledge of Jointly Held Depository Account 2116.018
Depository Account Held by Fiduciary 2116.019
Depository Account Held in Trust 2116.020
Power of Attorney 2116.021
Transactions and Relationships 2116.022
Certain Actions Prohibited 2116.023
Confiscations, Requisitions, Seizures, and Other Actions Void 2116.024
Official Exchange Rates 2116.025
Facilitation of Accounting and Reporting of Taxable Gains 2116.026
Annual Report 2116.027
Confidentiality of Records 2116.051
Use of Depository Agents 2116.052
Electronic Information Sharing Systems and Processes 2116.053
Periodic Reports 2116.071
Acquisition of Real Property 2116.072
Purchase of Building Subject to Existing Leases 2116.073
Leasing Property and Use of Lease Proceeds 2116.074
Title to and Control of Real Property 2116.075
Borrowing Money

Accessed:
Apr. 29, 2024

§ 2116.073’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._gov't_code_section_2116.073

Original Source: Section 2116.073 — Leasing Property and Use of Lease Proceeds, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2116.htm#2116.073 (last accessed Apr. 29, 2024).