Sec. 437.153. BORROWING MONEY; ISSUING AND SELLING BONDS. (a) The department may borrow money in the amount and under circumstances allowed by the Texas Constitution and may request the Texas Public Finance Authority, on behalf of the department, to issue and sell fully negotiable bonds to acquire, construct, remodel, repair, or equip one or more facilities.
(b) The Texas Public Finance Authority may sell the bonds in any manner it determines to be in the best interest of the department, except that it may not sell a bond that has not been approved by the attorney general and registered with the comptroller.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1217 (S.B. 1536), Sec. 1.01, eff. September 1, 2013.
Structure Texas Statutes
Subtitle C - State Military Forces and Veterans
Subchapter D. Real Property Management
Section 437.151. Real Property Advisory Council
Section 437.152. Public Comment
Section 437.153. Borrowing Money; Issuing and Selling Bonds
Section 437.154. Report of Military Use of Property
Section 437.155. Acquisition; Management; Pledge of Rents, Issues, and Profits
Section 437.156. Construction; Furnishing and Equipment
Section 437.157. Lease of Property
Section 437.158. Transfer to State
Section 437.159. Property Financed by Bonds
Section 437.160. Donation of Property
Section 437.161. Tax Status of Property