Untitled Texas Attorney General Opinion

THE ATTORNEY GENERAL 0F TEXAS October 25, 1988 Honorable Mike Millsap Opinion No. SM-970 House Administration Texas House of Representatives Re: Constitutionality of a P. 0. BOX 2910 plan to finance renovation Austin, Texas 78769 of the Capitol (RQ-1468) Dear Representative Millsap: you ask about the authority of the Texas Public Finance Authority to issue bonds under article 601d-2, V.T.C.S. Specifically, you ask whether the authority may, without executing a lease with the State Preservation Board, issue bonds for the renovation of the State Capitol and provide that the payment of principal…