1401.082 – REVENUE BOND REPAYMENT AND LEASE AGREEMENT. (a)
Texas Government Code § 1401.082
Summary
This law outlines the obligations of an agency under a lease agreement to repay revenue bonds. It specifies that the agency must allocate appropriated funds to cover bond principal, interest, and related costs as determined by the board.
Agencies must pay bond principal and interest as per lease agreements.
Funds must cover reserve requirements for debt servicing.
Reimbursement for additional costs is also mandated.
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In simple terms: Learn about Texas's REVENUE BOND REPAYMENT AND LEASE AGREEMENT. (a) 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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