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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2116.075. Borrowing Money; Issuing and Selling Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2116-075/
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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