Texas Public Finance Authority

In 1983, the 68th Texas Legislature (Senate Bill 1355, Regular Session) created the Texas Public Building Authority to issue revenue bonds to finance the construction, renovation, or repair of buildings and other structures for use by state agencies in Travis County.

In 1987, the agency was renamed the Texas Public Finance Authority (Senate Bill 64, 70th Texas Legislature, 2nd Called Session). Its mission was broadened to include the issuance of State of Texas general obligation bonds to finance the construction, purchase, renovation, or repair of correctional and mental health facilities operated by the Texas Department of Mental Health and Mental Retardation throughout the state and to include the issuance of revenue bonds to finance the purchase of buildings and other facilities if the General Services Commission determined that purchase was economically feasible.

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