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Texas Government Code - GOV'T § 2116.073. Leasing Property and Use of Lease Proceeds

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

(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 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.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2116.073. Leasing Property and Use of Lease Proceeds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2116-073/

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