Sec. 223.036. BONDS AS SECURITIES. (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:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.29, eff. January 1, 2022.
Structure Texas Statutes
Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities
Chapter 223 - Hospital Project Financing Act
Subchapter C. Hospital Project Bonds
Section 223.021. Issuance of Hospital Project Bonds
Section 223.022. Election on Bonds
Section 223.023. Election Results
Section 223.024. Protest Not Filed
Section 223.025. Limitations on Bonds
Section 223.026. Form and Term of Bonds
Section 223.027. Dedicated Repayment Revenue
Section 223.028. Security for Bonds
Section 223.029. Use of Proceeds
Section 223.030. Temporary Obligations
Section 223.031. Examination of Bonds
Section 223.032. Refunding Bonds
Section 223.033. Enforcement of Agreements
Section 223.034. Membership of Governing Body Not Subject to Change
Section 223.035. Bonds Tax Exempt
Section 223.036. Bonds as Securities