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Texas Health and Safety Code

§ 223.036 — BONDS AS SECURITIES

HS § 223.036Title 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)Bonds issued under this chapter and any interest coupons are investment securities under Chapter 8, Business & Commerce Code, and are exempt securities under The Securities Act (Title 12, Government Code).
(b)A lease agreement, sales agreement, or other contract under this chapter is not a security under The Securities Act. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by:

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.29, eff. January 1, 2022.

Source: Texas Health and Safety Code § 223.036 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.