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Texas Health and Safety Code

§ 223.030 — TEMPORARY OBLIGATIONS

HS § 223.030Title 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)Before the issuance of definitive bonds, the issuer may issue interim receipts or temporary bonds, with or without coupons, exchangeable for definitive bonds when those bonds are executed and are available for delivery.
(b)The term of an interim receipt or temporary bond may not be more than two years.
(c)The issuer shall submit the interim receipts or temporary bonds to the attorney general in accordance with Section 223.031.

Legislative history

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

Source: Texas Health and Safety Code § 223.030 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.