SECTION 53.244. Generally

(a) In addition to the requirements of Subchapter L of this chapter (relating to General Requirements for Nonprofit Corporation Bonds), this subchapter outlines the minimum transcript requirements prerequisite to approval of bonds issued for certain corporation financings pursuant to statutes other than Texas Civil Statutes, Article 5190.6, as amended, the Health and Safety Code, Title 4, Chapter 221, and the Local Government Code, Title 12, Chapter 394. Unless otherwise indicated in this subchapter, terms not defined herein have the meanings assigned to them in Texas Civil Statutes, Article 5190.6.

(b) The nature of the financing and the statutory authority used will dictate the specific transcript requirements. The minimum requirements that can be expected are outlined in this subchapter. The issuing corporation (the issuer) or its representative is encouraged to contact the Public Finance Section prior to taking official action with respect to the financing in order to determine the additional documentation that will be necessary for approval of the bonds.

Source Note: The provisions of this §53.244 adopted to be effective November 14, 1990, 15 TexReg 6290.