| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
Relating to the acquisition of real property or construction of buildings for the purpose of operating the Texas Bullion Depository.
The bill would have an indeterminate cost for the issuance of revenue bonds and payment of debt service. The cost would be dependent on the cost for acquisition or construction of a facility for the Texas Bullion Depository, which is unknown, and the method of finance for payment of debt service.
SB 2230 would authorize the Texas Public Finance Authority to issue revenue bonds to finance the purchase of the building which houses the Texas Bullion Depository (TxBD).
SB 2230 would authorize the comptroller to purchase the TxBD facility if determined that it would be necessary to operate the depository.
The Texas Public Finance Authority may sell the bonds for the purposes in any manner the authority determines to be in the best interest of the comptroller, except that the authority may not sell a bond that has not been approved by the attorney general and registered with the comptroller.
The state already operates the Texas Bullion Depository in Leander, TX so it is logical for the state to also own the facility that houses it. Texas Action remains neutral on SB 2230.