Texas § HS.221.067 - EXEMPT SECURITIES
Full text of Texas The Texas Constitution § HS.221.067 — EXEMPT SECURITIES, with citation guidance and answers to common questions.
§ HS.221.067. EXEMPT SECURITIES
EXEMPT SECURITIES. (a) Bonds issued under this chapter and any interest coupons are exempt securities under The Securities Act (Title 12, Government Code). (b) If the bonds are secured by an agreement by a user to pay to the development corporation amounts sufficient to pay the principal of and interest and any redemption premium on the bonds, the agreement, for the purposes of The Securities Act (Title 12, Government Code), is a separate security issued to purchasers of the bonds by the user, and not by the corporation. The agreement is exempt from that Act only if: (1) that Act exempts the agreement; or (2) the bonds or the payments to be made under the agreement are guaranteed by any person and the guarantee is an exempt security under that Act. Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.28, eff. January 1, 2022.
Frequently Asked Questions About Texas § HS.221.067
What does The Texas Constitution § HS.221.067 cover?
Section HS.221.067 ("EXEMPT SECURITIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § HS.221.067?
A common citation format is "The Texas Constitution § HS.221.067" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § HS.221.067 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.