reglab/housing_qa huggingface dataset:
TX Health & Safety Code § 221.027 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.027. Bylaws

Sec. 221.027.  BYLAWS.  (a)  The board of directors shall adopt a development corporation's initial bylaws and may amend or repeal the bylaws or adopt new bylaws.  The bylaws and each amendment and repeal of the bylaws must be approved by the sponsoring entity's governing body by resolution.(b)  The bylaws may contain any provision for the regulation and management of the development corporation's affairs consistent with law and the articles of incorporation.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.028 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.028. Committees

Sec. 221.028.  COMMITTEES.  (a)  If permitted by the articles of incorporation or bylaws, the board of directors, by resolution adopted by a majority of directors in office, may designate one or more committees consisting of two or more directors to exercise the board's authority in the management of the development corporation to the extent provided by the resolution, articles of incorporation, or bylaws.  The designation of a committee or delegation of authority to a committee does not relieve the board of directors or an individual director of a responsibility imposed by law.(b)  Other committees not exercising the authority of the board of directors in the management of the development corporation may be designated.  Those committees may be, but need not be, limited to directors, and shall be designated and appointed by:(1)  the board of directors by resolution of a majority of directors adopted at a meeting at which a quorum is present;  or(2)  the president, if authorized by the articles of incorporation, bylaws, or a resolution of a majority of the board of directors adopted at a meeting at which a quorum is present.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.029 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.029. Meetings; Action Without Meeting

Sec. 221.029.  MEETINGS;  ACTION WITHOUT MEETING.  (a)  A regular board of directors meeting may be called and held, with or without notice, as provided by the bylaws.  A special board of directors meeting may be held on notice as provided by the bylaws.  A regular or special meeting may be held at any location in the state.(b)  Notice or waiver of notice of a regular or special board of directors meeting need not specify the business to be transacted or the meeting's purpose, unless required by the bylaws.(c)  A director's attendance at a meeting waives notice to the director of the meeting, unless the attendance is for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.(d)  A quorum is the lesser of:(1)  a majority of the number of directors established by the bylaws, or if the bylaws do not establish a number of directors, a majority of the number of directors stated in the articles of incorporation;  or(2)  the number of directors, which number may not be smaller than three, established as a quorum by the articles of incorporation or bylaws.(e)  The act of a majority of the directors present at a meeting at which a quorum is present is an act of the board of directors, unless the act of a larger number is required by the articles of incorporation or bylaws.  The articles of incorporation control if, with respect to an action to be taken by the board of directors, the articles of incorporation require the vote or concurrence of a greater proportion of directors than required by this chapter with respect to the action.(f)  An action required or permitted to be taken at a board of directors meeting may be taken without a meeting if a consent is signed by all directors.  An action permitted to be taken at a committee meeting may be taken without a meeting if a consent is signed by all members of the committee.  A consent under this subsection must be in writing and must set forth the action to be taken.  The consent has the effect of a unanimous vote and may be stated as a unanimous vote in articles or other documents filed with the secretary of state under this chapter.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.031 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.031. Conveyance of Land

Sec. 221.031.  CONVEYANCE OF LAND.  (a)  A development corporation may convey land by deed if the conveyance is authorized by an appropriate resolution of the board of directors.  The deed may be with or without the corporation's seal and must be signed by the corporation's president, vice-president, or attorney.(b)  If the deed is acknowledged by the signing officer or attorney to be the act of the development corporation, or if the deed is proved in the manner prescribed for other conveyances of land, it may be recorded in the same manner and with the same effect as other deeds.(c)  A deed that is signed by the development corporation's president or vice-president and recorded is prima facie evidence that the board of directors adopted the appropriate resolution.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.032 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.032. Perfection of Security Interest

Sec. 221.032.  PERFECTION OF SECURITY INTEREST.  A security interest granted by a corporation may be perfected in the manner and with the effect provided by Chapter 9, Business & Commerce Code.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1999, 76th Leg., ch. 414, Sec. 2.32, eff. July 1, 2001.|
TX Health & Safety Code § 221.033 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.033. Taxation

Sec. 221.033.  TAXATION.  (a)  A health facility, including a leasehold estate in a health facility, that is owned by a development corporation and that, except for the purposes and nonprofit nature of the corporation, would be taxable to the corporation under Title 1, Tax Code, shall be assessed to the user of the health facility to the same extent and subject to the same exemptions from taxation as if the user owned the health facility.  If there is more than one user of the health facility, the health facility shall be assessed to the users in proportion to the value of the rights of each user to occupy, operate, manage, or employ the health facility.(b)  The user of a health facility is considered the owner of the health facility for purposes of the application of:(1)  sales and use taxes in construction, sale, lease, or rental of the health facility;  and(2)  other taxes levied or imposed by the state or a political subdivision of the state.(c)  A development corporation is engaged exclusively in performance of charitable functions and is exempt from taxation by the state, a municipality, or other political subdivision of the state.  Bonds issued by a corporation under this chapter, a transfer of the bonds, interest on the bonds, and a profit from the sale or exchange of the bonds are exempt from taxation by the state, a municipality, or other political subdivision of the state.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.034 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.034. Net Earnings

Sec. 221.034.  NET EARNINGS.  A development corporation is a nonprofit corporation, and no part of its net earnings remaining after payment of its bonds and expenses of accomplishing its public purpose may benefit a person other than the sponsoring entity.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.035 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.035. Alteration of Development Corporation or Activities

Sec. 221.035.  ALTERATION OF DEVELOPMENT CORPORATION OR ACTIVITIES.  The sponsoring entity, in its sole discretion, may alter the development corporation's structure, organization, programs, or activities, subject only to limitations provided by law relating to the impairment of contracts entered into by the corporation.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.036 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.036. Examination of Books and Records

Sec. 221.036.  EXAMINATION OF BOOKS AND RECORDS.  A representative of the sponsoring entity may examine all books and records of the development corporation at any time.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.037 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter B. Creation and Operation of Development Corporation|Section 221.037. Waiver of Notice

Sec. 221.037.  WAIVER OF NOTICE.  If a notice is required to be given to a director by this chapter, the articles of incorporation, or bylaws, a waiver of the notice signed by the person entitled to the notice, before or after the time that would have been stated in the notice, is equivalent to giving the notice.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.061 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.061. Authority to Issue; Use of Proceeds

Sec. 221.061.  AUTHORITY TO ISSUE;  USE OF PROCEEDS.  (a)  A development corporation may issue bonds to pay all or part of the cost of a health facility or for cash management.(b)  Before preparation and issuance of definitive bonds, the development corporation may issue interim receipts or temporary bonds, with or without coupons, that may be exchanged for definitive bonds after the definitive bonds are executed and available for delivery.  The term of the interim receipts or temporary bonds may not exceed three years.(c)  Bond proceeds may be used only for payment of all or part of the cost of a health facility for which the bonds have been issued, for making a loan in the amount of all or part of the cost of that health facility, or for deposit to a reserve fund for the bonds.  The proceeds shall be disbursed in the manner and under the restrictions determined by the development corporation.(d)  From the bond proceeds, the development corporation shall be paid an amount equal to:(1)  the corporation's expenses and costs in issuing, selling, and delivering the bonds, including financing, legal, financial advisory, and printing expenses;  and(2)  the compensation paid to employees of the corporation for the time the employees spend on activities relating to issuing, selling, and delivering the bonds.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.062 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.062. Information Filed With Sponsoring Entity

Sec. 221.062.  INFORMATION FILED WITH SPONSORING ENTITY.  (a)  Not later than the 15th day before the date on which bonds are issued, the proceeds of which are to be used to pay all or part of the cost of a health facility, the development corporation shall file with the sponsoring entity's governing body a full and complete description of the health facility, including:(1)  an explanation of the projected costs and of the necessity for the proposed health facility;  and(2)  the name of the proposed user of the health facility.(b)  If the bond proceeds are to be used for cash management, the user shall file with the sponsoring entity's governing body a forecast of the user's need for cash based on the user's most recent revenue estimate.  The forecast must contain a detailed report of estimated revenues and expenditures for each month for a period of not more than one year.(c)  After issuing the bonds and before using all of the bond proceeds, the development corporation may amend the filing required by this section and use the proceeds as provided by the amended filing if the sponsoring entity's governing body determines that the use according to the amended filing furthers the purposes of this chapter.(d)  Information filed under this section is public information open to public inspection.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.063 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.063. Terms

Sec. 221.063.  TERMS.  (a)  Bonds issued under this chapter must be dated and bear interest at a fixed or variable rate determined by the development corporation.  The bonds must mature at the time determined by the corporation, but may not mature later than 40 years after their date of issuance.  Bonds issued for cash management may not mature later than 24 months after their date of issuance.(b)  The bonds may be made redeemable before maturity at the price and on the terms determined by the development corporation.(c)  The bonds, including any interest coupons initially attached, must be in the form and denomination, payable at the place, and executed or authenticated in the manner that the development corporation determines.(d)  The bonds may be issued in coupon or registered form or be payable to a specific person, as the development corporation determines.  The corporation may provide for the registration of coupon bonds as to principal only, for the conversion of coupon bonds into fully registered bonds without coupons, and for reconversion into coupon bonds of fully registered bonds without coupons.  The duty of conversion or reconversion may be imposed on a trustee in a trust agreement.(e)  The signature or facsimile of the signature of an officer that appears on the bonds or coupons remains valid and sufficient for all purposes regardless of whether the person ceases to be an officer before delivery of and payment for the bonds.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.064 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.064. Sale

Sec. 221.064.  SALE.  (a)  A development corporation shall sell at a public or private sale the bonds at the price it determines.(b)  The net effective interest rate on the bonds, computed according to Chapter 1204, Government Code, may not exceed the maximum annual interest rate established for business loans of $250,000 or more in this state.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.249, eff. Sept. 1, 2001.|
TX Health & Safety Code § 221.065 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.065. Refunding Bonds

Sec. 221.065.  REFUNDING BONDS.  (a)  A development corporation may issue bonds to refund any of its valid outstanding bonds, including any bonds issued for unspecified projects and including any redemption premium on the bonds and interest accrued to the date of redemption, on a finding by the board of directors of the development corporation that there is a public benefit and a public purpose for the refunding.(b)  The provisions of this chapter generally applicable to bonds apply to the issuance, maturity, terms, and holder's rights in the refunding bonds, and to the development corporation's rights, duties, and obligations in relation to the refunding bonds.(c)  The development corporation may issue the refunding bonds in exchange or substitution for outstanding bonds or may sell the refunding bonds and use the proceeds to pay or redeem outstanding bonds.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1993, 73rd Leg., ch. 829, Sec. 2, eff. June 19, 1993.|
TX Health & Safety Code § 221.066 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.066. Source of Payment; Bonds Not General Obligation

Sec. 221.066.  SOURCE OF PAYMENT;  BONDS NOT GENERAL OBLIGATION.  (a)  The principal of, interest on, and any redemption penalty on bonds issued under this chapter are payable solely from, and may be secured by a pledge of all or part of, one or more of the following:(1)  the bond proceeds; (2)  revenue derived from the lease or sale of a health facility or from a loan made by a development corporation to finance or refinance all or part of a health facility; (3)  revenue derived from the operation of a health facility;  or(4)  other revenue provided by a user of a health facility.(b)  The bonds are not an obligation or a pledge of the faith and credit of the state, a sponsoring entity, or other political subdivision or agency of the state.(c)  Each bond must contain on its face a statement that:(1)  neither the state nor a political subdivision or agency of the state, including the sponsoring entity, is obligated to pay the bonds or interest on the bonds;  and(2)  neither the faith and credit nor the taxing power of the state, the sponsoring entity, or other political subdivision or agency of the state is pledged to the payment of the principal of or interest or any redemption premium on the bonds.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.067 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.067. Exempt Securities

Sec. 221.067.  EXEMPT SECURITIES.  (a)  Bonds issued under this chapter and any interest coupons are exempt securities under The Securities Act (Title 12, Government Code).(b)  If the bonds are secured by an agreement by a user to pay to the development corporation amounts sufficient to pay the principal of and interest and any redemption premium on the bonds, the agreement, for the purposes of The Securities Act (Title 12, Government Code), is a separate security issued to purchasers of the bonds by the user, and not by the corporation.  The agreement is exempt from that Act only if:(1)  that Act exempts the agreement; or(2)  the bonds or the payments to be made under the agreement are guaranteed by any person and the guarantee is an exempt security under that 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. 2.28, eff. January 1, 2022.|
TX Health & Safety Code § 221.068 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter C. Bonds|Section 221.068. Legal Investments; Security for Deposits

Sec. 221.068.  LEGAL INVESTMENTS;  SECURITY FOR DEPOSITS.  (a)  Unless made ineligible under other law, rules, or rulings, bonds are legal and authorized investments for:(1)  a bank; (2)  a savings bank; (3)  a trust company; (4)  a savings and loan association; (5)  an insurance company; (6)  a fiduciary, trustee, or guardian;  and(7)  a sinking fund of a municipality, county, school district, or other political corporation or subdivision of the state.(b)  The bonds may secure the deposit of public funds of the state or a municipality, county, school district, or other political corporation or subdivision of the state.  The bonds are lawful and sufficient security for those deposits at their face value if accompanied by all appurtenant unmatured coupons, if any.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|
TX Health & Safety Code § 221.081 (2021)
2021 Texas Statutes|Health and Safety Code|Title 4 - Health Facilities|Subtitle A - Financing, Constructing, Regulating, and Inspecting Health Facilities|Chapter 221 - Health Facilities Development Act|Subchapter D. Dissolution of Corporation|Section 221.081. Dissolution Authorized

Sec. 221.081.  DISSOLUTION AUTHORIZED.  After a development corporation's bonds and other obligations are paid and discharged, or adequate provision is made for their payment and discharge, the sponsoring entity's governing body by written resolution shall authorize and direct the dissolution of the corporation.|Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.|