Texas Health and Safety Code

§ 223.026 — FORM AND TERM OF BONDS

HS § 223.026Title 4. HEALTH FACILITIES · Part A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING · Ch. 223. HOSPITAL PROJECT FINANCING ACT · Art. C. HOSPITAL PROJECT BONDS

Statute text

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(a)The issuer shall determine the form of the bonds, the date of the bond issue, the price and interest rate of the bonds, and the maturity for the bonds, which may not be more than 40 years after its date.

(b)The issuer may:

(1)make the bonds redeemable before maturity and determine the prices and conditions for early redemption;

(2)determine:

(A)the interest coupons to be attached to the bonds;

(B)the denominations of the bonds; and

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Legislative history

Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.251, eff. Sept. 1, 2001.