Sec. 1401.061.  REVENUE BONDS.  (a)  The authority may:
(1)  issue revenue bonds; 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:
(i)  facility;
(ii)  corrections institution, including a facility authorized by Section 495.001(a) or 495.021(a);
(iii)  criminal justice facility for the Texas Department of Criminal Justice;
(iv)  youth corrections institution; or
(v)  mental health institution or intellectual disability institution.
(b)  The bond proceeds may be used to refinance an existing obligation for a purpose described by Subsection (a).
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Amended by: 
Acts 2023, 88th Leg., R.S., Ch. 30 (H.B. 446), Sec. 5.23, eff. September 1, 2023.