Sec. 2116.073. LEASING PROPERTY AND USE OF LEASE PROCEEDS. (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.
Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230), Sec. 2, eff. June 18, 2021.
Structure Texas Statutes
Subtitle C - State Accounting, Fiscal Management, and Productivity
Chapter 2116 - Texas Bullion Depository
Subchapter C. Acquisition of Real Property for Depository
Section 2116.071. Acquisition of Real Property
Section 2116.072. Purchase of Building Subject to Existing Leases
Section 2116.073. Leasing Property and Use of Lease Proceeds
Section 2116.074. Title to and Control of Real Property
Section 2116.075. Borrowing Money; Issuing and Selling Bonds