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

Tex. Government Code § 2116.073: LEASING PROPERTY AND USE OF LEASE PROCEEDS.

Where this section sits in the code

GOVERNMENT CODE
TITLE 10. GENERAL GOVERNMENT
SUBTITLE C. STATE ACCOUNTING, FISCAL MANAGEMENT, AND PRODUCTIVITY
CHAPTER 2116. TEXAS BULLION DEPOSITORY
SUBCHAPTER C. ACQUISITION OF REAL PROPERTY FOR DEPOSITORY

(a) The comptroller may lease at fair market value any portion of a property acquired under this subchapter to a private tenant for commercial activities.

(b) Money received by the comptroller under a lease of property acquired under this subchapter may be used by the comptroller to:

(1) repay obligations issued under Section 1232.1026 and used to acquire the property or construct the building; or

(2) make payments under a lease-to-purchase agreement or other comparable financing agreement between the comptroller and the Texas Public Finance Authority.

Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230), Sec. 2, eff. June 18, 2021.

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

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