reglab/housing_qa huggingface dataset:
TX Govt Code § 1433.063 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.063. Bonds Not Debt of State or Issuer

Sec. 1433.063.  BONDS NOT DEBT OF STATE OR ISSUER.  (a)  A bond issued under this chapter is not a debt or a pledge of the faith and credit of this state, the issuer, or any other political subdivision or agency of this state.(b)  A bond issued under this chapter must contain on its face a statement that:(1)  this state, the issuer, or any other political subdivision or agency of this state is not obligated to pay the principal of or the interest on the bond except from revenue of the industrial project or medical project for which the bond is issued;  and(2)  the faith and credit and the taxing power of this state, the issuer, or any other political subdivision or agency of this state are not pledged to the payment of the principal of or the interest on the bond.(c)  Each bond issued under this chapter must contain substantially the following language:  "No pecuniary obligation is or may be imposed on the issuer of this bond in the event of a failure to pay all or part of the principal or interest on the bond, except that the issuer is obligated to apply rental income it receives from the (industrial project or medical project) to those purposes."|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.064 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.064. Maturity

Sec. 1433.064.  MATURITY.  A bond issued under this chapter must mature not later than 40 years after its date.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.065 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.065. Sale of Bonds

Sec. 1433.065.  SALE OF BONDS.  Bonds issued under this chapter shall be sold to the highest bidder for cash and may not be exchanged for property.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.066 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.066. Interim Receipts; Temporary Bonds

Sec. 1433.066.  INTERIM RECEIPTS;  TEMPORARY BONDS.  Before the preparation of definitive bonds, an issuer may, under the restrictions applicable to the definitive bonds, issue interim receipts or temporary bonds, with or without coupons, exchangeable for definitive bonds when the definitive bonds are executed and available for delivery.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.067 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.067. Use of Bond Proceeds

Sec. 1433.067.  USE OF BOND PROCEEDS.  The proceeds of the bonds of each issue may be used only for the payment of the cost of the industrial project or medical project for which the bonds were issued, and shall be disbursed in the manner and under any restrictions provided in the resolution authorizing the issuance of the bonds or in the trust agreement securing the bonds.  Any proceeds of the bonds of an issue that exceed the cost of the project for which the bonds were issued shall be deposited to the credit of the sinking fund for those bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.068 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.068. Refunding Bonds

Sec. 1433.068.  REFUNDING BONDS.  (a)  An issuer by resolution may provide for the issuance of revenue refunding bonds to:(1)  refund any outstanding bonds issued under this chapter;  and(2)  construct improvements, extensions, or enlargements to the industrial project or medical project in connection with which the bonds being refunded were issued.(b)  An issuer may issue revenue refunding bonds in exchange for outstanding bonds, notwithstanding Section 1433.065, or the issuer may use the proceeds from the sale of the revenue refunding bonds to redeem outstanding bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.069 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter D. Bonds|Section 1433.069. Exemptions From Taxation and Securities Act

Sec. 1433.069.  EXEMPTIONS FROM TAXATION AND SECURITIES ACT.  (a)  A bond issued under this chapter and the issuance and transfer of the bond, including any profit made in the sale of the bond, are exempt from taxation by this state or by a political subdivision of this state.(b)  A bond issued under this chapter and any coupon representing interest on the bond are exempt securities under The Securities Act (Title 12, Government Code).(c)  A lease agreement under this chapter is not a security under The Securities Act (Title 12, Government Code).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.26, eff. January 1, 2022.|
TX Govt Code § 1433.101 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter E. Agreements Relating to Bonds|Section 1433.101. Security for Bond; Trust Agreement

Sec. 1433.101.  SECURITY FOR BOND;  TRUST AGREEMENT.  (a)  A bond issued under this chapter may be secured by a trust agreement between the issuer and a trust company or a bank having the powers of a trust company in this state.(b)  A trust agreement may:(1)  assign the lease revenue to be received from the lessee or the ultimate lessee of the industrial project or medical project for which the bond proceeds are used;  or(2)  pledge the lease revenue for the payment of principal of and interest on the bond as they become due and payable and may provide for the creation and maintenance of reserves for that purpose.(c)  A trust agreement or a resolution providing for the issuance of the bonds may contain provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants that state the duties of the issuer or lessee relating to:(1)  the acquisition of property for the industrial project or medical project in connection with which the bonds were authorized;(2)  the construction, improvement, maintenance, repair, operation, and insurance of the project;  and(3)  the custody, protection, and application of all money related to the project.(d)  An issuer may require a bank or trust company incorporated under the laws of this state that acts as depository of the proceeds of the bonds or of revenue of the issuer to furnish indemnifying bonds or to pledge securities.(e)  A trust agreement may state the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders as is customary in trust agreements or trust indentures securing bonds and debentures of corporations.  A trust agreement may contain additional provisions for the security of the bondholders.(f)  All expenses incurred in carrying out a trust agreement may be treated as a part of the cost of the operation of the industrial project or medical project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.102 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter E. Agreements Relating to Bonds|Section 1433.102. Default in Lease Agreement or Mortgage; Enforcement

Sec. 1433.102.  DEFAULT IN LEASE AGREEMENT OR MORTGAGE;  ENFORCEMENT.  (a)  An agreement relating to an industrial project or medical project between the issuer and the lessee or between a lessee and ultimate lessee must be for the benefit of the issuer.  The agreement must provide that, in the event of a default in the payment of the principal of or the interest on the bonds or in the performance of any agreement contained in a proceeding, mortgage, or instrument, the payment or performance may be enforced by mandamus or by the appointment of a receiver with the power to charge rents and to apply the revenue from the project in accordance with the resolution, mortgage, or instrument.(b)  A mortgage to secure bonds issued under this chapter may also provide that, in the event of a default in the payment of the mortgage or a violation of an agreement contained in the mortgage, the mortgage may be foreclosed and the property securing the bonds may be sold in any manner permitted by law.  The mortgage may provide that a trustee under the mortgage or the holder of any of the bonds secured by the mortgage may purchase the property at a foreclosure sale if the person is the highest bidder.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1433.103 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1433 - Bonds for Development of Employment, Industrial, and Health Resources|Subchapter E. Agreements Relating to Bonds|Section 1433.103. Purchase Option

Sec. 1433.103.  PURCHASE OPTION.  (a)  An issuer may grant a lessee or ultimate lessee an option to purchase all or a part of an industrial project or medical project when all bonds of the issuer delivered to provide those facilities have been paid or provision has been made for their final payment, if, while the bonds or interest on the bonds remains unpaid, the lease rentals are paid in the manner required and when the rentals become due.(b)  For purposes of this section, a payment is considered to be paid in the manner required and when it becomes due if no event of default is declared and the payment is made within 15 calendar days of the date it is scheduled to become due.(c)  This section is the exclusive authority to convey or grant an option to purchase an industrial project or medical project.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1434.001 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter A. General Provisions|Section 1434.001. Applicability of Chapter

Sec. 1434.001.  APPLICABILITY OF CHAPTER.  This chapter applies only to:(1)  a home-rule municipality with a population of 25,000 or more that has an institution of higher education located within its boundaries or has entered into an agreement with an institution of higher education relating to the provision of services in furtherance of the completion of certificate programs, degree programs, or other higher education programs within the municipality by the institution of higher education; or(2)  a county within which a municipality described by Subdivision (1) is located.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 237 (S.B. 1952), Sec. 1, eff. May 27, 2009.|
TX Govt Code § 1434.002 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter A. General Provisions|Section 1434.002. Definitions

Sec. 1434.002.  DEFINITIONS.  In this chapter:(1)  "Agreement" includes a lease, contract, or lease-purchase agreement.(2)  "Institution of higher education" means:(A)  an institution of higher education as defined by Section 61.003, Education Code, other than a public junior college; or(B)  a private, nonprofit institution of higher education that is accredited by the recognized accrediting agency and is located and authorized to operate in this state, other than a private institution of higher education operated exclusively for sectarian purposes.(3)  "Public security" has the meaning assigned by Section 1201.002.(4)  "Recognized accrediting agency" has the meaning assigned by Section 61.003, Education Code.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 237 (S.B. 1952), Sec. 2, eff. May 27, 2009.|
TX Govt Code § 1434.003 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter A. General Provisions|Section 1434.003. Legislative Finding

Sec. 1434.003.  LEGISLATIVE FINDING.  The legislature finds:(1)  that the assistance provided by counties and municipalities in promoting and providing higher education opportunities for residents of this state will benefit and enhance the general welfare of their residents by providing new and alternative higher education resources and enhanced access to those resources, improving and enhancing the educational opportunities of their residents, and allowing the completion of certificate programs, degree programs, and other higher education programs locally; and(2)  that those benefits and enhancements constitute public purposes for counties and municipalities.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 237 (S.B. 1952), Sec. 3, eff. May 27, 2009.|
TX Govt Code § 1434.051 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter B. Issuance of Bonds|Section 1434.051. Financing of Permanent Improvements by County or Municipality

Sec. 1434.051.  FINANCING OF PERMANENT IMPROVEMENTS BY COUNTY OR MUNICIPALITY.  (a)  A county or a municipality may:(1)  issue public securities, including certificates of obligation, to acquire, construct, or improve land, buildings, or other permanent improvements for use by an institution of higher education located within a county to which this chapter applies;  and(2)  impose ad valorem taxes to pay the principal of and interest on those securities and to provide a sinking fund.(a-1)  A municipality that has entered into an agreement described by Section 1434.001(1) may:(1)  issue public securities, including certificates of obligation, to acquire, construct, or improve land, buildings, or other permanent improvements for use by an institution of higher education;(2)  impose ad valorem taxes to pay and secure payment of the principal of and interest on those securities and to provide a sinking fund; and(3)  pledge those taxes, any portion of the revenues received in connection with the agreement, or any combination of the taxes and revenue to secure payment of any portion of the public securities issued to acquire, construct, or improve the land, buildings, or other permanent improvements for use by the institution of higher education.(b)  The county or municipality shall:(1)  issue any public securities and impose the taxes in accordance with the applicable provisions of Subtitles A, C, D, and E;  and(2)  if the securities are certificates of obligation, issue any certificates and impose the taxes in accordance with Subchapter C, Chapter 271, Local Government Code.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 237 (S.B. 1952), Sec. 4, eff. May 27, 2009.|
TX Govt Code § 1434.052 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter B. Issuance of Bonds|Section 1434.052. Joint Financing by County and Municipality

Sec. 1434.052.  JOINT FINANCING BY COUNTY AND MUNICIPALITY.  (a)  A county and a municipality may jointly issue public securities and impose ad valorem taxes for a purpose described by Section 1434.051.(b)  The commissioners court of the county and the governing body of the municipality shall determine the appropriate proportion of the ad valorem taxes to be imposed by the county and by the municipality.(c)  A public security proposition that is submitted must distinctly specify the proportion of ad valorem taxes to be imposed by the county and by the municipality.(d)  The county and municipality shall issue the public securities and impose the taxes in accordance with the applicable provisions of Subtitles A, C, D, and E.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1434.053 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter B. Issuance of Bonds|Section 1434.053. Limit on Taxes

Sec. 1434.053.  LIMIT ON TAXES.  The only limits on the amount of taxes that may be imposed to pay the principal of and interest on public securities, including certificates of obligation, issued under this chapter are those provided by the Texas Constitution.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1434.101 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter C. Donation or Use of Permanent Improvements|Section 1434.101. Donation of Permanent Improvements

Sec. 1434.101.  DONATION OF PERMANENT IMPROVEMENTS.  (a)  A county or municipality may donate to a general academic teaching institution a permanent improvement acquired, constructed, or improved by the county, by the municipality, or by the county and the municipality jointly.(b)  The donation is not subject to any law of this state governing the disposition of property owned by a county or municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1434.102 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1434 - County and Municipal Higher Education Improvement Bonds|Subchapter C. Donation or Use of Permanent Improvements|Section 1434.102. Use of Permanent Improvements

Sec. 1434.102.  USE OF PERMANENT IMPROVEMENTS.  (a)  A municipality may allow a state four-year institution of higher education or a university system to use land or buildings acquired by the municipality.(b)  This section does not apply to an institution of higher education that is supported in any way by revenue from a local tax base.(c)  A use under this section is a municipal purpose and a public use for the municipality.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1435.001 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1435 - Bonds for Parks and Fairground Facilities in Certain Municipalities and Counties|Subchapter A. General Provisions|Section 1435.001. Applicability of Chapter; Joint Municipal and County Action

Sec. 1435.001.  APPLICABILITY OF CHAPTER;  JOINT MUNICIPAL AND COUNTY ACTION.  (a)  This chapter applies only to:(1)  a municipality with a population greater than 550,000;(2)  a county with a population greater than 550,000;  or(3)  a municipality described by Subdivision (1) and a county described by Subdivision (2) acting together.(b)  A provision of this chapter that applies to a municipality or county also applies to a municipality and county acting together.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1435.002 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1435 - Bonds for Parks and Fairground Facilities in Certain Municipalities and Counties|Subchapter A. General Provisions|Section 1435.002. Definition

Sec. 1435.002.  DEFINITION.  In this chapter, "park facility" means a building, improvement, or structure owned by a municipality or county and used in a municipal or county park or fairground for exhibits, concessions, or entertainment.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1435.003 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1435 - Bonds for Parks and Fairground Facilities in Certain Municipalities and Counties|Subchapter A. General Provisions|Section 1435.003. Authority for Park Facilities

Sec. 1435.003.  AUTHORITY FOR PARK FACILITIES.  A municipality or county may:(1)  construct, acquire, repair, improve, or enlarge a park facility;  or(2)  acquire additional land, if needed, for a park facility.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1435.004 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle H - Specific Authority for More Than One Type of Local Government to Issue Securities|Chapter 1435 - Bonds for Parks and Fairground Facilities in Certain Municipalities and Counties|Subchapter A. General Provisions|Section 1435.004. Lease or Contract for Operation of Park Facilities

Sec. 1435.004.  LEASE OR CONTRACT FOR OPERATION OF PARK FACILITIES.  A municipality or county may enter a lease or contract for the operation of one or more of its park facilities.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|