Texas Government Code 1232.002 – Purpose
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Terms Used In Texas Government Code 1232.002
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The purpose of this chapter is to provide a method of financing for:
(1) the acquisition or construction of buildings;
(2) the purchase or lease of equipment by executive or judicial branch state agencies; and
(3) customer rate relief bonds authorized by the Railroad Commission of Texas in accordance with Subchapter I, Chapter 104, Utilities Code.