1232.122 – COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR
Texas Government Code § 1232.122
Summary
This law outlines the conditions under which construction, purchase, or lease of buildings and equipment can commence. It affects authorities involved in financing such projects, ensuring they have the necessary funds certified before starting.
Construction or purchase can start only after financial certification.
Obligations must be authorized and approved by the Bond Review Board.
Funds must be deposited in the state treasury before proceeding.
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In simple terms: Learn about Texas's COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR 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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