Texas Natural Resources Code 161.016 – Fiscal Agent
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(a) The board may designate the comptroller as the fiscal agent for payment of principal of and interest on the bonds.
(b) The comptroller shall act as fiscal agent without compensation.
Terms Used In Texas Natural Resources Code 161.016
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
(c) In the alternative, the board may employ a private fiscal agent to perform these services and shall pay him adequate compensation.