DecisionDepot
California legal research

Texas Health and Safety Code

§ 223.012 — TITLE TO PROJECTS

HS § 223.012Title 4. HEALTH FACILITIES · Part A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING · Ch. 223. HOSPITAL PROJECT FINANCING ACT · Art. B. FINANCING HOSPITAL PROJECTS

Statute text

View on source
(a)An issuer may vest title to a hospital project provided under this chapter in a nonprofit organization.
(b)If the issuer vests the title in a nonprofit organization, it may retain a mortgage interest in the hospital project. The mortgage interest expires when all bonds of the issuer sold to provide the hospital project are paid or provision has been made for their final payment.

Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.

Source: Texas Health and Safety Code § 223.012 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.