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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Each entity that issues a state security shall report to the board its security transactions.
(b) A report must:
(1) be itemized;
(2) state in dollars the information required by Subsection (c) or Sections 1231.082-1231.085 for money paid to each business and classify each of the businesses that money was paid to according to:
(A) the race, ethnicity, and gender of the controlling ownership of each business; and
(B) whether the business is domestic or foreign; and
(3) be made in compliance with board rule.
(c) For any security transaction, the report must state each issuance cost, including the cost of:
(1) bond counsel;
(2) financial advisor;
(3) rating agencies;
(4) official statement preparation;
(5) official statement printing;
(6) bond printing;
(7) paying agent or registrar;
(8) escrow agent;
(9) escrow verification agent;
(10) trustee;
(11) attorney general;
(12) dealer fee;
(13) remarketing fee; and
(14) credit enhancement.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 1231.081. General Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-1231-081/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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