Sec. 2306.120. SELECTION OF DEPOSITORY UNDER COVENANTS OF BONDS OR TRUST INDENTURES. (a) If covenants related to the department's bonds or the trust indentures governing the bonds specify one or more depositories or set out a method of selecting depositories different from the method required by this subchapter, the covenants prevail regarding the funds to which they apply and the funds are not required to be deposited with the Texas Treasury Safekeeping Trust Company.
(b) Bonds of the housing finance division issued under trust indentures executed or resolutions adopted on or after September 1, 1991, may not include a covenant that interferes with the deposit of funds in the Texas Treasury Safekeeping Trust Company.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter F. Housing Finance Division: General Provisions
Section 2306.111. Housing Funds
Section 2306.1111. Uniform Application and Funding Cycles
Section 2306.1112. Executive Award and Review Advisory Committee
Section 2306.1113. Ex Parte Communications
Section 2306.1114. Notice of Receipt of Application or Proposed Application
Section 2306.1115. Regional Allocation Formula
Section 2306.112. Preparation and Content of Annual Budget
Section 2306.113. Board Consideration of Annual Budget
Section 2306.114. Filing of Annual Budget
Section 2306.115. Failure to Adopt Annual Budget
Section 2306.117. Payment of Expenses; Indebtedness
Section 2306.118. Deposit of Funds With Texas Treasury Safekeeping Trust Company
Section 2306.119. Selection of Depository for Operating Funds
Section 2306.120. Selection of Depository Under Covenants of Bonds or Trust Indentures
Section 2306.123. Area Median Income
Section 2306.1231. Federal Poverty Line
Section 2306.124. Rules Regarding Housing Developments
Section 2306.125. Court Actions