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Tex. Insurance Code § 2203.354

ISSUANCE OF BONDS AUTHORIZED

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 2203.354, ISSUANCE OF BONDS AUTHORIZED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684281
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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.