1232.103 – ISSUANCE OF OBLIGATIONS FOR EQUIPMENT. (a) The
Texas Government Code § 1232.103
Summary
This law allows state agencies in Texas to finance equipment purchases or leases through the issuance of obligations. It applies to both executive and judicial branch agencies and can involve multiple agencies in a single financing package.
Enables financing for equipment purchases or leases by state agencies.
Covers agreements involving one or more state agencies.
Obligations are payable under specific financing agreements.
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In simple terms: Learn about Texas's ISSUANCE OF OBLIGATIONS FOR EQUIPMENT. (a) The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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