reglab/housing_qa huggingface dataset:
TX Govt Code § 2306.392 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter R. Housing Finance Division Bonds: Form; Terms|Section 2306.392. Denomination

Sec. 2306.392.  DENOMINATION.  (a)  The department's bonds may be issued:(1)  in coupon form payable to bearer;(2)  in fully registered form;(3)  as coupon bonds payable to bearer but registrable as to principal alone or as to both principal and interest;  or(4)  in another form, including a registered uncertificated obligation not represented by written instruments, commonly known as a book-entry obligation.(b)  The department shall provide for the registration of ownership and transfer of a book-entry obligation under a system of books and records maintained by a bank serving as trustee, paying agent, or bond registrar.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.393 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter R. Housing Finance Division Bonds: Form; Terms|Section 2306.393. Manner, Price, and Terms

Sec. 2306.393.  MANNER, PRICE, AND TERMS.  The department's bonds may be sold in a manner, at a price, and under terms and conditions determined by the board under a contractual arrangement approved by the board.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.394 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter R. Housing Finance Division Bonds: Form; Terms|Section 2306.394. Place of Payment; Medium of Exchange

Sec. 2306.394.  PLACE OF PAYMENT;  MEDIUM OF EXCHANGE.  (a)  The department's bonds may be payable at a place inside or outside the United States.(b)  The bonds may be made payable in any currency or medium of exchange, including United States dollars and currencies of other nations.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.395 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter R. Housing Finance Division Bonds: Form; Terms|Section 2306.395. Interest on Bonds

Sec. 2306.395.  INTEREST ON BONDS.  The department's bonds may be issued to bear interest at a rate determined by the board.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.396 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter R. Housing Finance Division Bonds: Form; Terms|Section 2306.396. Maturity of Bonds

Sec. 2306.396.  MATURITY OF BONDS.  The department's bonds may mature within a period determined by the board.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.397 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter R. Housing Finance Division Bonds: Form; Terms|Section 2306.397. Redemption Before Maturity; Conversion

Sec. 2306.397.  REDEMPTION BEFORE MATURITY;  CONVERSION.  (a)  Department bonds may be made redeemable before maturity.(b)  The board may provide and covenant for the:(1)  conversion of one form of bond to another form;  and(2)  reconversion of a bond to another form.(c)  Except as provided by Subsection (d), a replacement, converted, or reconverted bond must be approved and registered as provided by Sections 2306.431 and 2306.432, under procedures established by the resolution authorizing the bonds.(d)  If the duty of replacement, conversion, or reconversion of a bond is imposed on a place of payment (paying agent) or a corporate trustee under a trust agreement or trust indenture, the replacement, converted, or reconverted bond does not need to be reapproved by the attorney general or reregistered by the comptroller as provided by Sections 2306.431 and 2306.432.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.411 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter S. Housing Finance Division Bonds: Security for Bonds|Section 2306.411. Security for Payment of Principal, Interest, and Redemption Premium

Sec. 2306.411.  SECURITY FOR PAYMENT OF PRINCIPAL, INTEREST, AND REDEMPTION PREMIUM.  (a)  In addition to other security for the department's bonds authorized by this chapter, payment of the principal and interest and redemption premium, if any, on the department's bonds may be secured by a first or subordinate lien on and pledge of all or part of:(1)  the department's assets and real, personal, or mixed property, including:(A)  mortgages or other obligations securing the assets of property;(B)  investments;  and(C)  trust agreements or trust indentures administered by one or more corporate trustees as allowed by the board;  and(2)  the reserves or funds of the department.(b)  The form of a mortgage, trust agreement, or trust indenture securing department bonds must be authorized under the resolution authorizing the issuance of the bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 44, eff. Sept. 1, 1997.|
TX Govt Code § 2306.412 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter S. Housing Finance Division Bonds: Security for Bonds|Section 2306.412. Validity of Liens and Pledges

Sec. 2306.412.  VALIDITY OF LIENS AND PLEDGES.  (a)  A lien on or pledge of revenues, income, assets, reserves, funds, or other resources of the department, as authorized by this chapter, is valid and binding from the time of payment for and delivery of the bonds authorized by the board resolution creating or confirming the lien or pledge.(b)  A lien or pledge is fully effective as to revenues, income, assets, reserves, funds, or other resources on hand or later received, and those items are subject to the lien or pledge without physical delivery of the item or any further act.(c)  A lien or pledge is valid and binding against a party who has a claim in tort, contract, or otherwise against the department or another party, regardless of whether the party has notice of the lien or pledge.(d)  A resolution authorizing the issuance of department bonds or any other instrument creating or confirming a lien or pledge is not required to be filed or recorded, except that:(1)  the resolution or instrument must be filed in the department's records;  and(2)  each department bond resolution must be submitted to the attorney general under Section 2306.431.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 45, eff. Sept. 1, 1997.|
TX Govt Code § 2306.431 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter T. Housing Finance Division Bonds: Approval, Registration, and Execution|Section 2306.431. Approval of Bonds

Sec. 2306.431.  APPROVAL OF BONDS.  (a)  Bonds issued by the department and the appropriate proceedings authorizing the bonds' issuance shall be submitted to the attorney general for examination.(b)  The attorney general shall approve the bonds if the attorney general finds that the bonds have been authorized as provided by this chapter.(c)  Any bonds submitted by the department to the attorney general under this section must include a certification by the board that home mortgage loans made using the proceeds of the bonds do not include a mandatory arbitration requirement.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 1.25, eff. Sept. 1, 2001.|
TX Govt Code § 2306.432 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter T. Housing Finance Division Bonds: Approval, Registration, and Execution|Section 2306.432. Registration

Sec. 2306.432.  REGISTRATION.  On approval of the attorney general under Section 2306.431, the comptroller shall register the department's bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.433 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter T. Housing Finance Division Bonds: Approval, Registration, and Execution|Section 2306.433. Execution

Sec. 2306.433.  EXECUTION.  Bonds authorized by Section 2306.352 shall be executed on the board's behalf as general obligations of the state as follows:(1)  the presiding officer of the board shall sign the bonds;(2)  the board shall impress its seal on the bonds;(3)  the governor shall sign the bonds;  and(4)  the secretary of state shall attest the bonds and impress on them the state seal.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.451 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter U. Housing Finance Division Bonds: Rights and Remedies of Bondholders and Parties in Interest|Section 2306.451. State Pledge Regarding Bondholder Rights and Remedies

Sec. 2306.451.  STATE PLEDGE REGARDING BONDHOLDER RIGHTS AND REMEDIES.  (a)  The state pledges to and agrees with the holders of bonds issued under this chapter that it will not limit or alter the rights vested in the department under this chapter to fulfill the terms of an agreement made with a bondholder or impair the rights and remedies of a bondholder until the following obligations are fully discharged:(1)  the bonds;(2)  interest on the bonds;(3)  interest on any unpaid installment of interest;  and(4)  all costs and expenses related to an action or proceeding by or on behalf of the holders.(b)  The department may include the state's pledge and agreement under Subsection (a) in an agreement with the holders of the department's bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.452 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter U. Housing Finance Division Bonds: Rights and Remedies of Bondholders and Parties in Interest|Section 2306.452. Payment Enforceable by Mandamus

Sec. 2306.452.  PAYMENT ENFORCEABLE BY MANDAMUS.  A writ of mandamus and any other legal or equitable remedy are available to a party in interest to require the department, the comptroller, or another party to carry out an agreement or to perform a function or duty under:(1)  this chapter;(2)  the Texas Constitution;  or(3)  the department's bond resolutions.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.76, eff. Sept. 1, 1997.|
TX Govt Code § 2306.471 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter V. Housing Finance Division Bonds: Obligations of Department and State|Section 2306.471. General Obligation Bonds

Sec. 2306.471.  GENERAL OBLIGATION BONDS.  General obligation bonds issued under Section 2306.352 and approved and registered under this chapter are general obligations of the state.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.472 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter V. Housing Finance Division Bonds: Obligations of Department and State|Section 2306.472. Department's Bonds Other Than General Obligation Bonds Not Obligations of the State

Sec. 2306.472.  DEPARTMENT'S BONDS OTHER THAN GENERAL OBLIGATION BONDS NOT OBLIGATIONS OF THE STATE.  Except for bonds authorized by the Texas Constitution and issued under Section 2306.352, the department's bonds:(1)  are solely obligations of the department and are payable solely from funds of the housing finance division;(2)  are not an obligation, debt, or liability of the state;  and(3)  do not create or constitute a pledge, giving, or lending of the faith, credit, or taxing power of the state.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.473 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter V. Housing Finance Division Bonds: Obligations of Department and State|Section 2306.473. State Not Obligated to Pay; Faith and Credit Not Pledged

Sec. 2306.473.  STATE NOT OBLIGATED TO PAY;  FAITH AND CREDIT NOT PLEDGED.  A department bond not authorized by Section 2306.352 must contain a statement on the face of the bond that:(1)  the state is not obligated to pay the principal or interest on the bond;  and(2)  the faith, credit, or taxing power of the state is not pledged, given, or loaned to payment of the bond's principal or interest.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.491 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.491. Bonds Negotiable Instruments

Sec. 2306.491.  BONDS NEGOTIABLE INSTRUMENTS.  Notwithstanding any other statute, a bond and interest coupon issued and delivered by the department is a negotiable instrument under the Uniform Commercial Code, except that the bond may be registered or subject to registration under this chapter.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 46, eff. Sept. 1, 1997.|
TX Govt Code § 2306.492 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.492. Bonds Incontestable

Sec. 2306.492.  BONDS INCONTESTABLE.  Department bonds are incontestable for any reason in a court or other forum after approval by the attorney general and registration by the comptroller and are valid and binding obligations for all purposes under the terms of the bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.493 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.493. Signature of Former Officer

Sec. 2306.493.  SIGNATURE OF FORMER OFFICER.  If an officer whose manual or facsimile signature appears on a bond or whose facsimile signature appears on a coupon is not an officer at the time the bond is delivered, the signature is valid and sufficient for all purposes as if the officer had remained in office until delivery.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.494 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.494. Bonds Not Taxable

Sec. 2306.494.  BONDS NOT TAXABLE.  The following are free from taxation or assessment by this state or a public agency:(1)  department bonds issued under this chapter;(2)  interest and income from department bonds, including a profit from the sale of the bonds;  and(3)  all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of the department's bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.495 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.495. Authorized Investments

Sec. 2306.495.  AUTHORIZED INVESTMENTS.  Bonds issued by the department under this chapter are legal and authorized investments for:(1)  banks;(2)  savings banks;(3)  trust companies;(4)  savings and loan associations;(5)  insurance companies;(6)  fiduciaries;(7)  trustees;(8)  guardians;  or(9)  sinking or other public funds of:(A)  this state;(B)  a municipality;(C)  a county;(D)  a school district;  or(E)  another political subdivision or public agency of this state.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.496 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.496. Security for Deposit of Funds

Sec. 2306.496.  SECURITY FOR DEPOSIT OF FUNDS.  Department bonds are eligible and lawful security for a deposit of public funds of the state or a public agency to the extent of the greater of the bonds' par or market value when accompanied by appurtenant unmatured interest coupons.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.497 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.497. Mutilated, Lost, Stolen, or Destroyed Bonds

Sec. 2306.497.  MUTILATED, LOST, STOLEN, OR DESTROYED BONDS.  The board may provide procedures for the replacement of a mutilated, lost, stolen, or destroyed bond or interest coupon.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.498 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter W. Housing Finance Division Bonds: Miscellaneous Provisions|Section 2306.498. No Gain Allowed

Sec. 2306.498.  NO GAIN ALLOWED.  (a)  The director or a board member may not have or attempt to have a pecuniary interest in a transaction to which the department is a party for purposes of personal pecuniary gain.(b)  A board member or department employee may not purchase department bonds in the open secondary market for municipal securities.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.511 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter X. Individuals With Special Needs|Section 2306.511. Definition

Sec. 2306.511.  DEFINITION.  In this subchapter, "individual with special needs" means an individual who:(1)  is considered to be an individual having a disability under a state or federal law;(2)  is elderly;(3)  is designated by the board as experiencing a unique need for decent, safe housing that is not being met adequately by private enterprise;  or(4)  is legally responsible for caring for an individual described by Subdivision (1), (2), or (3) and meets the income guidelines established by the board.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.512 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter X. Individuals With Special Needs|Section 2306.512. Special Needs

Sec. 2306.512.  SPECIAL NEEDS.  The department may adopt a strategy to serve the needs of individuals with special needs.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.513 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter X. Individuals With Special Needs|Section 2306.513. Housing for Individuals With Special Needs

Sec. 2306.513.  HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS.  (a)  The board shall adopt rules to achieve occupancy by individuals with special needs of at least five percent of the units in each multifamily housing development.(b)  Subsection (a) applies only to a multifamily housing development that contains at least 20 units and is financed by bonds issued under this chapter.(c)  If a survey that is conducted by the housing sponsor and verified by the housing finance division reveals that there is not sufficient need for housing for individuals with special needs in the area in which the development will be built or renovated to justify building or renovating and reserving at least five percent of the units for individuals with special needs, the department may, on a showing of good cause by the housing sponsor, lower the requirements to correspond to the amount of need found by the housing sponsor.(d)  Repealed by Acts 1995, 74th Leg., ch. 76, Sec. 5.78, eff. Sept. 1, 1995.(e)  Repealed by Acts 1997, 75th Leg., ch. 980, Sec. 54, eff. Sept. 1, 1997.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.78, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 980, Sec. 54, eff. Sept. 1, 1997.|