{"data":{"id":"us-tx/tex.-health-and-safety-code-221.064","jurisdiction":"us-tx","citation":"Tex. Health and Safety Code § 221.064","heading":"SALE.","body":"(a) A development corporation shall sell at a public or private sale the bonds at the price it determines.\n(b) The net effective interest rate on the bonds, computed according to Chapter 1204, Government Code, may not exceed the maximum annual interest rate established for business loans of $250,000 or more in this state.\nActs 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.249, eff. Sept. 1, 2001.","path":["HEALTH AND SAFETY CODE","TITLE 4. HEALTH FACILITIES","SUBTITLE A. FINANCING, CONSTRUCTING, REGULATING, AND INSPECTING HEALTH FACILITIES","CHAPTER 221. HEALTH FACILITIES DEVELOPMENT ACT","SUBCHAPTER C. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/HS/htm/HS.221.htm#221.064","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:17Z","sha256":"798bc2de345d4d123198c6fbf19ce18abf0ed642e6dac07b345ebb6642ef367a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-health-and-safety-code-221.063","next":"us-tx/tex.-health-and-safety-code-221.065"},"notice":"GroundRules: Original legal text. Not legal advice."}