Tex. Gov't Code § 2306.353 · Subchapter P. HOUSING FINANCE DIVISION BONDS: ISSUANCE OF BONDS
REVENUE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In addition to issuing general obligation bonds under Section 2306.352, the department may issue revenue bonds to provide money to carry out a purpose, power, or duty of the housing finance division under this chapter.
(b) The bonds may be issued from time to time in one or more series or issues.
(c) The bonds shall be payable as to principal, interest, and redemption premium, if any, from, and secured by, a first or subordinate lien on, and pledge of, all or part of the revenues, income, or other resources of the housing finance division, including:
(1) the repayments of mortgage loans;
(2) the earnings from investment or deposit of the reserve fund and other funds of the housing finance division;
(3) the fees, charges, and other amounts or payments received under this chapter; and
(4) appropriations, grants, allocations, subsidies, rent supplements, guaranties, aid, contribution, or donations.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 897901ead2f057315cc660e9a7eb194678532505baeafee5e243b1dbe7f54308
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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