Texas § 2116.073 LEASING PROPERTY AND USE OF LEASE PROCEEDS.

Texas Statutes

§ 2116.073 — LEASING PROPERTY AND USE OF LEASE PROCEEDS.

Texas § 2116.073

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2116.073 (2026).

Text

Sec. 2116.073. LEASING PROPERTY AND USE OF LEASE PROCEEDS.

(a)The comptroller may lease at fair market value any portion of a property acquired under this subchapter to a private tenant for commercial activities.

(b)Money received by the comptroller under a lease of property acquired under this subchapter may be used by the comptroller to:

(1)repay obligations issued under Section 1232.1026 and used to acquire the property or construct the building; or

(2)make payments under a lease-to-purchase agreement or other comparable financing agreement between the comptroller and the Texas Public Finance Authority.

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Sec. 2116.073. LEASING PROPERTY AND USE OF LEASE PROCEEDS. (a) The comptroller may lease at fair market value any portion of a property acquired under this subchapter to a private tenant for commercial activities.
(b) Money received by the comptroller under a lease of property acquired under this subchapter may be used by the comptroller to:
(1) repay obligations issued under Section 1232.1026 and used to acquire the property or construct the building; or
(2) make payments under a lease-to-purchase agreement or other comparable financing agreement between the comptroller and the Texas Public Finance Authority.