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Tex. Gov't Code § 2116.073

LEASING PROPERTY AND USE OF LEASE PROCEEDS

Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230), Sec. 2, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.