Issuance of Bonds Authorized

Sec. 2203.354. ISSUANCE OF BONDS AUTHORIZED. On behalf of the association and subject to Section 2203.355, the Texas Public Finance Authority shall issue revenue bonds to: (1) fund the policyholder's stabilization reserve fund for nursing homes and assisted living facilities under Section 2203.303; (2) pay costs related to issuing the bonds; and (3) pay other costs related to the bonds as determined by the board. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.