Agriculture, Department of
A Statutory Report on the Texas Agricultural Finance Authority
January 1998
Report Number 98-016
Overall Conclusion
The Texas Agricultural Finance Authority (Authority), a component unit of the Texas Department of Agriculture, is in material compliance with the significant requirements contained in the resolution that provides for the issuance of taxable commercial paper. The Authority is authorized to issue $150 million in commercial paper. As of August 31, 1997, the Authority had $21.9 million in commercial paper outstanding.
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