Tex. Gov't Code Section 2116.075
Borrowing Money; Issuing and Selling Bonds

(a)

The comptroller may borrow money in the amount and under the circumstances authorized by the legislature and may request the Texas Public Finance Authority, on behalf of the comptroller, to issue and sell bonds to acquire real property or construct a building to operate the depository.

(b)

The Texas Public Finance Authority may issue and sell bonds for the purposes of Subsection (a) in any manner and on such terms the authority determines to be in the best interest of the comptroller, subject to the requirements of Chapter 1202 (Examination and Registration of Public Securities).
Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230), Sec. 2, eff. June 18, 2021.

Source: Section 2116.075 — Borrowing Money; Issuing and Selling Bonds, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­2116.­htm#2116.­075 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 2116.075’s source at texas​.gov