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Texas Natural Resources Code

§ 161.016 — FISCAL AGENT

NR § 161.016Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. B. ADMINISTRATIVE PROVISIONS

Statute text

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(a)The board may designate the comptroller as the fiscal agent for payment of principal of and interest on the bonds.
(b)The comptroller shall act as fiscal agent without compensation.
(c)In the alternative, the board may employ a private fiscal agent to perform these services and shall pay him adequate compensation.

Legislative history

Acts 1977, 65th Leg., p. 2656, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 14.16, eff. Sept. 1, 1997.

Source: Texas Natural Resources Code § 161.016 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.