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Texas Government Code - GOV'T § 1401.061. Revenue Bonds

Current as of January 01, 2024 | Updated by Findlaw Staff

(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(a) or 495.021(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).

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1401.061. Revenue Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1401-061/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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