(a) In addition to the requirements of Subchapter L of this chapter (relating to General Requirements for Nonprofit Corporation Bonds), this subchapter outlines the minimum transcript requirements prerequisite to approval of housing finance corporation bonds issued pursuant to the Local Government Code (the Act), Title 12, Chapter 394, Housing Finance Corporation Act. Unless otherwise indicated in this subchapter, terms not defined herein have the meanings assigned to them in the Act.
(b) Unless otherwise indicated, the following requirements apply to single family and multifamily housing bonds issued by a housing finance corporation (the issuer).

Source Note: The provisions of this §53.227 adopted to be effective November 14, 1990, 15 TexReg 6289.