Tex. Gov't Code § 1401.061

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1401.061 - Revenue Bonds

(a) The authority may:

(1) issue revenue bonds; and

(2) distribute the bond proceeds to any appropriate agency to:

(A) acquire, construct, or equip a new facility; or

(B) make a major repair of or renovate a:

(i) facility;

(ii) corrections institution, including a facility authorized by Section 495.001(a) or 495.021(a);

(iii) criminal justice facility for the Texas Department of Criminal Justice;

(iv) youth corrections institution; or

(v) mental health institution or intellectual disability institution.

(b) The bond proceeds may be used to refinance an existing obligation for a purpose described by Subsection (a).

Tex. Gov't. Code § 1401.061

Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 30,Sec. 5.23, eff. 9/1/2023.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.