Texas Government Code 2116.075 – Borrowing Money; Issuing and Selling Bonds
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(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.
Terms Used In Texas Government Code 2116.075
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.