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Senate Bill 968 |
Senate Author: West, Royce |
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Effective: 6-15-07 |
House Sponsor: Chisum |
Senate Bill 968 amends provisions of the Government Code relating to financing tools that may be used by a state or local governmental entity in connection with certain obligations for public improvements. The bill provides requirements and procedures for using specific types of financing instruments, including a credit agreement and an interest rate management agreement, for that purpose. The bill amends the Education Code to authorize The University of Texas System to enter into a bond enhancement agreement and sets out the terms and conditions for such a transaction.