Sec. 1401.061. REVENUE BONDS. (a) The authority may: (1) issue revenue bonds; and (2) distribute the bond proceeds to any appropriate agency to: (A) acquire, construct, or equip a new facility; or (B) make a major repair of or renovate a: (i) facility; (ii) corrections institution, including a facility authorized by Section 495.001 (a) or 495.021 (a); (iii) criminal justice facility for the Texas Department of Criminal Justice; (iv) youth corrections institution; or (v) mental health institution or intellectual disability institution. (b) The bond proceeds may be used to refinance an existing obligation for a purpose described by Subsection (a).
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.