GroundRules
Tex. Health and Safety Code § 223.012: TITLE TO PROJECTS.
Where this section sits in the code
- HEALTH AND SAFETY CODE
- TITLE 4. HEALTH FACILITIES
- SUBTITLE A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING HEALTH FACILITIES
- CHAPTER 223. HOSPITAL PROJECT FINANCING ACT
- SUBCHAPTER B. FINANCING HOSPITAL PROJECTS
(a) An issuer may vest title to a hospital project provided under this chapter in a nonprofit organization.
(b) If the issuer vests the title in a nonprofit organization, it may retain a mortgage interest in the hospital project. The mortgage interest expires when all bonds of the issuer sold to provide the hospital project are paid or provision has been made for their final payment.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Collected 2026-08-27T01:47:17Z. Source file · JSON