Sec. 2116.075. BORROWING MONEY; ISSUING AND SELLING BONDS. (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.
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