Texas § 1232.202 CONTRACTS CONTINGENT ON LEGISLATIVE APPROPRIATIONS.

Texas Statutes

§ 1232.202 — CONTRACTS CONTINGENT ON LEGISLATIVE APPROPRIATIONS.

Texas § 1232.202

Code GVGovernment Code

This text of Texas § 1232.202 (CONTRACTS CONTINGENT ON LEGISLATIVE APPROPRIATIONS.) 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. § 1232.202 (2026).

Text

Sec. 1232.202. CONTRACTS CONTINGENT ON LEGISLATIVE APPROPRIATIONS.

(a)Each lease or installment sale contract entered into under this chapter is contingent on the legislature's appropriation of sufficient funds.

(b)The board may act as necessary to ensure that the payment of the principal of and interest on obligations is continued without interruption if:

(1)sufficient appropriated funds are unavailable;

(2)the commission or another state agency fails to pay a rental or installment; or

(3)the commission or another state agency fails to renew a lease contract.

(c)Permissible actions under Subsection (b) include:

(1)the re-leasing or subleasing of buildings or equipment to any entity; and

(2)the repossession and resale of equipment to any entity.

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Sec. 1232.202. CONTRACTS CONTINGENT ON LEGISLATIVE APPROPRIATIONS. (a) Each lease or installment sale contract entered into under this chapter is contingent on the legislature's appropriation of sufficient funds.
(b) The board may act as necessary to ensure that the payment of the principal of and interest on obligations is continued without interruption if:
(1) sufficient appropriated funds are unavailable;
(2) the commission or another state agency fails to pay a rental or installment; or
(3) the commission or another state agency fails to renew a lease contract.
(c) Permissible actions under Subsection (b) include:
(1) the re-leasing or subleasing of buildings or equipment to any entity; and
(2) the repossession and resale of equipment to any entity.