- (a) The corporation shall review annually its qualified 501(c)(3) bond issuance policies, including the public benefit requirement implemented under Section 2306.563.
- (b) The corporation shall give to the secretary of state for publication in the Texas Register any proposed policy revisions and allow a reasonable period for public comment.
- (c) The board of directors of the corporation must approve any change to the bond issuance policies.
Added by Acts 2003, 78th Leg., ch. 332, Sec. 16, eff. Sept. 1, 2003.