The following words and terms, when used in this chapter, shall
have the following meanings, unless the context clearly indicates
otherwise. Any capitalized terms not specifically mentioned in this
section shall have the meaning as defined in Tex. Gov't Code, Chapter
2306, §§141, 142, and 145 of the Internal Revenue Code,
and Chapter 11 of this part (relating to Housing Tax Credit Program
Qualified Allocation Plan).
(1) Institutional Buyer--Shall have the meaning prescribed
under 17 CFR §230.501(a), but excluding any natural person or
any director or executive officer of the Department (17 CFR §230.501(a)(4)
- (6)), or as defined by 17 CFR §230.144(a), promulgated under
the Securities Act of 1933, as amended.
(2) Persons with Special Needs--Shall have the meaning
prescribed under Tex. Gov't Code, §2306.511.
(3) Bond Trustee--A financial institution, usually
a trust company or the trust department in a commercial bank, that
holds collateral for the benefit of the holders of municipal securities.
The Bond Trustee's obligations and responsibilities are set forth
in the Indenture.
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