Tex. Gov't Code § 2306.397 · Subchapter R. HOUSING FINANCE DIVISION BONDS: FORM; TERMS
REDEMPTION BEFORE MATURITY; CONVERSION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
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 71c44d0d3db297f1bfc5a3ec7ac26dc8b2004ef99a51dec86307ef206b87590c
- 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
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.