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Texas Health and Safety Code - HEALTH & SAFETY § 223.012. Title to Projects

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 223.012. Title to Projects - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-223-012/

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