Section 437.153 - Borrowing Money; Issuing and Selling Bonds(a) The department may borrow money in the amount and under circumstances allowed by the Texas Constitution and may request the Texas Public Finance Authority, on behalf of the department, to issue and sell fully negotiable bonds to acquire, construct, remodel, repair, or equip one or more facilities.(b) The Texas Public Finance Authority may sell the bonds in any manner it determines to be in the best interest of the department, except that it may not sell a bond that has not been approved by the attorney general and registered with the comptroller.Tex. Gov't. Code § 437.153
Added by Acts 2013, Texas Acts of the 83rd Leg. - Regular Session, ch. 1217,Sec. 1.01, eff. 9/1/2013.