Author: LawGlobal Hub


  • 1 Texas Administrative Code § 53.245 – Basic Financing Documents The following shall constitute basic financing documents: (1) loan agreement or other financing document; (2) trust indenture, bond resolution, or other document, which shall include the following provisions:(A) terms of the sale of the bonds, i.e., negotiated, competitive or otherwise, identification of the purchaser, whether…

  • 1 Texas Administrative Code § 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,…

  • 1 Texas Administrative Code § 53.233 – Documentation of Guarantor If the bonds are guaranteed by another entity, such entity must furnish the same documentation as the developer, to the extent applicable.

  • 1 Texas Administrative Code § 53.232 – Bank/Credit Facility Documentation The following shall constitute documentation of the bank/credit facility: (1) if a bank or other entity is involved as trustee or escrow agent, evidence of the entity’s corporate authority to act as such; (2) if a credit or similar agreement is to be submitted in…

  • 1 Texas Administrative Code § 53.231 – Documentation of Developer (Multifamily Bonds Only) The following shall constitute documentation of the developer: (1) undated general certificate of the developer, executed by at least two officers or authorized representatives, including certifications and provisions (or confirmation of any such certifications and provisions which are contained in the basic…

  • 1 Texas Administrative Code § 53.230 – Documentation of Issuer The following shall constitute documentation of the issuer: (1) undated general certificate of the issuer, executed by at least two officers of the issuer, which includes certifications and provisions (or confirmation of any such certifications and provisions which are contained in the basic financing documents)…

  • 1 Texas Administrative Code § 53.229 – Documentation of Governing Body The following shall constitute documentation of the governing body: undated general certificate of the governing body, including certifications and provisions with respect to: (1) incumbency of the directors of the issuer; (2) whether the governing body has created a joint housing finance corporation (a…

  • 1 Texas Administrative Code § 53.228 – Basic Financing Documents The following shall constitute basic financing documents: (1) loan agreement or other financing document; (2) trust indenture, bond resolution, or other document which shall include the following provisions:(A) terms of the sale of the bonds, i.e., negotiated, competitive or otherwise, identification of the purchaser, whether…

  • 1 Texas Administrative Code § 53.227 – 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 housing finance corporation bonds issued pursuant to the Local Government Code (the Act), Title 12, Chapter…

  • 1 Texas Administrative Code § 53.217 – Documentation of Guarantor If the bonds are guaranteed by another entity, such entity must furnish the same documentation as the user, to the extent applicable.