Texas Statutes
Subchapter C. Obligations
Section 1232.109. Authorization to Purchase Certain Real Property

Sec. 1232.109. AUTHORIZATION TO PURCHASE CERTAIN REAL PROPERTY. (a) Because there is a continued need to acquire real property in or in the immediate vicinity of state office building complexes for the continued operation of state government, because prices and values of real property periodically fluctuate, and because the state must be able to respond to rapidly changing market conditions to acquire real property at substantial savings to taxpayers, the commission may purchase and renovate real property located, in whole or in part, within 1,000 feet of:
(1) the Capitol Complex in Travis County; or
(2) the John H. Winters Human Services Complex in Travis County.
(b) The commission may contract as necessary to accomplish the purposes stated in Subsection (a). The estimated cost of the project is $10 million. Before purchasing property under this section, the commission must determine that the purchase would be in the state's best interest.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Structure Texas Statutes

Texas Statutes

Government Code

Title 9 - Public Securities

Subtitle B - Provisions Applicable to Securities Issued by State Government

Chapter 1232 - Texas Public Finance Authority

Subchapter C. Obligations

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 1232.1115. Certain Construction and Repair Projects and Equipment Purchases; General Obligation Bonds

Section 1232.1116. Certain Maintenance, Improvement, Repair, and Construction Projects; General Obligation Bonds

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

Section 1232.123. Investment of Bond Proceeds

Section 1232.124. Preference for Texas Businesses