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TITLE 1ADMINISTRATION
PART 3OFFICE OF THE ATTORNEY GENERAL
CHAPTER 53MUNICIPAL SECURITIES
SUBCHAPTER NHEALTH FACILITIES DEVELOPMENT CORPORATION BONDS
RULE §53.213Documentation of Governing Body

The following shall constitute documentation of the governing body:

  (1) certificate of receipt of notice from the corporation to the governing body of intent to issue bonds, with notice attached, which includes the description of the health facilities, projected cost and necessity for the health facility, name of proposed user of the facility, or a cash flow forecast, as applicable;

  (2) undated general certificate of the governing body including certifications and provisions with respect to:

    (A) approval of the bylaws and articles of incorporation of the corporation and all amendments thereto;

    (B) incumbency of the directors of the corporation; and

    (C) whether any action has been taken pursuant to the Health Facilities Development Act, §221.035, or otherwise to limit the effectiveness of the bond resolution or affect the bond transaction.


Source Note: The provisions of this §53.213 adopted to be effective November 14, 1990, 15 TexReg 6289.

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