Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1232.121: CERTIFICATION AND DEPOSIT OF PROCEEDS OF OBLIGATIONS.

Where this section sits in the code

GOVERNMENT CODE
TITLE 9. PUBLIC SECURITIES
SUBTITLE B. PROVISIONS APPLICABLE TO SECURITIES ISSUED BY STATE GOVERNMENT
CHAPTER 1232. TEXAS PUBLIC FINANCE AUTHORITY
SUBCHAPTER C. OBLIGATIONS

(a) After issuing obligations, the board shall certify to the commission or the appropriate state agency and to the comptroller that the proceeds from the issuance are available. The board shall deposit the proceeds in the state treasury.

(b) The proceeds shall be credited to the account of the state agency that is responsible under an agreement for making rental or installment payments to the authority.

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

Collected 2026-08-27T01:47:16Z. Source file · JSON

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