Emisión de Bonos de Obligación General en Texas

Sec. 1401.041. GENERAL OBLIGATION BONDS. (a) As provided by Section 49-h( a), Article III, Texas Constitution, as that section existed September 1, 1999, the authority may: (1) issue general obligation bonds in an amount not to exceed $500 million; and (2) distribute the bond proceeds as provided by that section. (b) As provided by Section 49-h(c), Article III, Texas Constitution, as that section existed September 1, 1999, the authority may: (1) issue general obligation bonds in an amount not to exceed $400 million; 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 facility, corrections institution, youth corrections institution, mental health institution, or intellectual disability institution. (c) As provided by Section 49-h(d), Article III, Texas Constitution, as that section existed September 1, 1999, the authority may: (1) issue general obligation bonds in an amount not to exceed $1.055 billion and distribute the bond proceeds to any appropriate agency to: (A) acquire, construct, or equip a: (i) new prison or substance abuse felony punishment Statute text rendered on: 2/14/2025 - 6949 - GOVERNMENT CODE facility to confine criminals; or (ii) youth corrections institution; (B) make a major repair of or renovate a prison facility or youth corrections institution; or (C) acquire, make a major repair of, or renovate a facility for use as a state prison, a substance ab