4 Tex. Admin. Code § 28.70
The Texas Agricultural Finance Authority (the Authority) is authorized by § RSA 58.021 of the Texas Agriculture Code and by Article III, §49-f(g) of the Texas Constitution to design and implement programs to provide financial assistance to eligible agricultural businesses and other rural economic development projects and to issue general obligation bonds in the maximum principal amount of $200 million outstanding at any one time for such programs. The proceeds of such bonds are required to be deposited in the Texas Agricultural Fund and may be used for the purposes provided by Article III, §49-i of the Texas Constitution and for other rural economic development programs. Proceeds of the bonds are to be administered in the same manner that proceeds of bonds issued under Article III, §49-i of the Texas Constitution are administered. Section RSA 58.041 of the Texas Agriculture Code grants Texas Public Finance Authority the exclusive authority to act on behalf of the Authority in issuing debt instruments authorized to be issued by the Authority.
4 Tex. Admin. Code § 28.70