Prohibited Operations

Tex. Government Code § 1433.026, under Chapter 1433. Bonds For Development of Employment, Industrial, and Health Resources.

Tex. Government Code § 1433.026

Sec. 1433.026. PROHIBITED OPERATIONS. An issuer may not operate an industrial project as a business or in any manner other than as the lessor of the project. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. SUBCHAPTER C. PROCEDURE FOR ISSUING BONDS