Sec. 1401.082. REVENUE BOND REPAYMENT AND LEASE AGREEMENT. (a) In accordance with a lease agreement, the appropriate agency, with money appropriated for the purpose, shall pay to the board an amount the board determines to be sufficient to: (1) pay the principal of and interest on the bonds issued under Section 1401.061 ; (2) maintain a reserve fund necessary to service the debt; and (3) reimburse the authority for other costs and expenses relating to: (A) a project; or (B) the outstanding bonds. (b) For purposes of this section, a state agency may enter into a lease agreement in the name of and on behalf of the state. (c) A state agency shall include in its biennial appropriation request an amount sufficient to pay the principal of and interest on outstanding bonds issued under Section 1401.061 for the agency.
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