Texas Government Code 2303.509 – Development Bonds
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Terms Used In Texas Government Code 2303.509
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
To finance a project in an enterprise zone, bonds may be issued under:
(1) Chapter 1433; or
(2) the Development Corporation Act (Subtitle C1, Title 12, Local Government Code).