Sec. 1232.1025. ISSUANCE OF BONDS FOR MILITARY FACILITIES. (a) The board may issue and sell bonds in the name of the authority to finance the acquisition or construction of buildings to be used as state military forces facilities.
(b) After receiving a request under Section 437.153, the board shall promptly issue and sell bonds in the name of the authority to provide the requested financing.
(c) The adjutant general shall accomplish its statutory authority as if the property or building were financed by legislative appropriation. The board and the adjutant general shall adopt a memorandum of understanding that defines the division of authority between the board and adjutant general.
(d) On completion of the acquisition or construction, the adjutant general shall lease the building from the authority.
Added by Acts 2007, 80th Leg., R.S., Ch. 1335 (S.B. 1724), Sec. 14, eff. September 1, 2007.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1217 (S.B. 1536), Sec. 3.09, eff. September 1, 2013.
Structure Texas Statutes
Subtitle B - Provisions Applicable to Securities Issued by State Government
Chapter 1232 - Texas Public Finance Authority
Section 1232.101. Issuance of Bonds for Certain State Agencies
Section 1232.102. Issuance of Bonds for State Office Buildings
Section 1232.1025. Issuance of Bonds for Military Facilities
Section 1232.1026. Issuance of Bonds for Texas Bullion Depository Buildings
Section 1232.103. Issuance of Obligations for Equipment
Section 1232.104. Issuance of Obligations for Alternative Fuel Projects
Section 1232.105. Aggregate Limit on Issuance of Obligations for Alternative Fuel Projects
Section 1232.106. Evaluation of Application for Assistance With Alternative Fuel Projects
Section 1232.107. Purchase of Obligations for Alternative Fuel Projects
Section 1232.1071. Issuance of Obligations for Financing Stranded Costs of Municipal Power Agency
Section 1232.1072. Issuance of Obligations for Financing Customer Rate Relief Property
Section 1232.108. Legislative Authorization Required
Section 1232.109. Authorization to Purchase Certain Real Property
Section 1232.110. Specific Projects
Section 1232.111. Certain Projects by Texas Department of Transportation
Section 1232.112. Bond Review Board Approval
Section 1232.113. Obligation Issuance Orientation; Information to and From Client Agencies
Section 1232.114. Project Analysis
Section 1232.115. Expenses Included in Principal Amount
Section 1232.116. Manner of Repayment
Section 1232.117. State Debt Not Created
Section 1232.118. Order or Resolution Authorizing Issuance of Obligations
Section 1232.119. Adoption and Execution of Instruments
Section 1232.1191. Delegation of Authority
Section 1232.120. Exemption From Taxation
Section 1232.121. Certification and Deposit of Proceeds of Obligations
Section 1232.122. Commencement of Construction, Purchase, or Lease
Section 1232.1221. Commencement of Certain Multiyear Cancer-Related Projects