Texas § 1232.121 CERTIFICATION AND DEPOSIT OF PROCEEDS OF OBLIGATIONS.

Texas Statutes

§ 1232.121 — CERTIFICATION AND DEPOSIT OF PROCEEDS OF OBLIGATIONS.

Texas § 1232.121

Code GVGovernment Code

This text of Texas § 1232.121 (CERTIFICATION AND DEPOSIT OF PROCEEDS OF OBLIGATIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1232.121 (2026).

Text

Sec. 1232.121. CERTIFICATION AND DEPOSIT OF PROCEEDS OF 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.

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Sec. 1232.121. CERTIFICATION AND DEPOSIT OF PROCEEDS OF 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.