Texas Administrative Code
Title 1 - ADMINISTRATION
Part 5 - TEXAS FACILITIES COMMISSION
Chapter 115 - FACILITIES LEASING PROGRAM
Subchapter B - CANCELLATION OF LEASE DUE TO LACK OF FUNDING
Section 115.20 - Definitions
Current through Reg. 49, No. 38; September 20, 2024
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
(1) "Cost of idle facilities or idle capacity" means costs such as maintenance, repair, housing, rent, and other related costs, e.g., insurance, interest, property taxes and depreciation or use allowances.
(2) "Facilities" means land and buildings or any portion thereof, equipment individually or collectively, or any other tangible capital asset, wherever located, and whether owned or leased by the governmental agency.
(3) "Funding Out Clause" means the constitutional prohibitions on spending as set out in Sections 49 and 49a, Article III, Texas Constitution and codified in Texas Government Code § RSA 2167.055(e) (West 2008) which are incorporated into the state lease, as amended.
(4) "Governmental agency" means a board, commission, department, office, or other agency in the executive branch of state government, including an institution of higher education as defined by § RSA 61.003, Education Code.
(5) "Idle capacity" means the unused capacity of partially used facilities. It is the difference between:
(6) "Idle facilities" means completely unused facilities that are excess to the governmental agency's current needs.