Author: LawGlobal Hub


  • 1 Texas Administrative Code § 53.212 – Basic Financing Documents The following shall constitute basic financing documents: (1) loan agreement or other financing document between the corporation and the user; (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…

  • 1 Texas Administrative Code § 53.211 – Generally 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 pursuant to the Health and Safety Code, Title 4, Chapter 221, as amended, Health Facilities…

  • 1 Texas Administrative Code § 53.200 – Miscellaneous (a) Any agreement relating to any project shall contain a provision that in the event of a default in the payment of the principal of or the interest or premium on the bonds or in the performance of any agreement contained in such proceedings, mortgage, or instrument,…

  • 1 Texas Administrative Code § 53.199 – 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.

  • 1 Texas Administrative Code § 53.198 – 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 § 53.197 – Documentation of User The following shall constitute documentation of the user: (1) undated general certificate of the user, executed by at least two officers or authorized representatives of the user, including certifications and provisions (or confirmation of any such certifications and provisions which are contained in the basic…

  • 1 Texas Administrative Code § 53.196 – Documentation of Corporation The following shall constitute documentation of the corporation: (1) undated general certificate of the corporation, executed by at least two officers of the corporation, 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 § 53.195 – Documentation of Approving Governing Body The following shall constitute documentation of the approving governing body: (1) resolution of the governing body approving the resolution of the corporation providing for the issuance of the bonds which resolution shall not be adopted more than 60 days prior to the delivery…

  • 1 Texas Administrative Code § 53.194 – Basic Financing Documents The following shall constitute basic financing documents: (1) loan agreement or other financing document between the corporation and the user; (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…

  • 1 Texas Administrative Code § 53.193 – Generally 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 pursuant to Texas Civil Statutes, Article 5190.6, as amended, Development Corporation Act of 1979 (the…