Texas § GV.1232.122 - COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR LEASE
Full text of Texas The Texas Constitution § GV.1232.122 — COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR LEASE, with citation guidance and answers to common questions.
§ GV.1232.122. COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR LEASE
COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR LEASE. The acquisition or construction of a building or the purchase or lease of equipment may begin after: (1) the authority has certified that obligations in an amount sufficient to pay the construction or purchase price of the project have been authorized for issuance by the authority and approved by the Bond Review Board; or (2) the proceeds have been deposited into the state treasury and: (A) the comptroller has certified that the proceeds are available; (B) the reserve funds and capitalized interest, as certified by the authority as reasonably required, have been paid; and (C) the costs of issuing the obligations, as certified by the authority, have been paid. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.010(a), eff. Sept. 1, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1232.122
What does The Texas Constitution § GV.1232.122 cover?
Section GV.1232.122 ("COMMENCEMENT OF CONSTRUCTION, PURCHASE, OR LEASE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1232.122?
A common citation format is "The Texas Constitution § GV.1232.122" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1232.122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.