{"data":{"id":"us-tx/tex.-local-government-code-394.056","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 394.056","heading":"BOND AS SECURITY.","body":"(a) A bond issued under this chapter or a coupon representing interest on the bond is, when delivered, a security as that term is defined under Chapter 8 of the Uniform Commercial Code (Chapter 8, Title 1, Business \u0026 Commerce Code) and is an exempt security under The Securities Act (Title 12, Government Code).\n(b) A contract made under this chapter is not a security under The Securities Act.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.36, eff. January 1, 2022.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C. PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 394. HOUSING FINANCE CORPORATIONS IN MUNICIPALITIES AND COUNTIES","SUBCHAPTER E. HOUSING FINANCE CORPORATION BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.394.htm#394.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"90afe54968dc2975169e4cdf215b8059781b0ec3d616804110e185f0b182ccee","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-394.055","next":"us-tx/tex.-local-government-code-394.057"},"notice":"GroundRules: Original legal text. Not legal advice."}