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Tex. Health & Safety Code § 223.030

TEMPORARY OBLIGATIONS

Known as the Hospital Project Financing Act

The act spans §§ 223–223 (27 sections).

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

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.