Texas § 1401.061 REVENUE BONDS.

Texas Statutes

§ 1401.061 — REVENUE BONDS.

Texas § 1401.061

Code GVGovernment Code

This text of Texas § 1401.061 (REVENUE BONDS.) 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. § 1401.061 (2026).

Text

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).

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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).

Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2023, 88th Leg., R.S., Ch. 30 (H.B. 446 ), Sec. 5.23, eff. September 1, 2023.