Tex. Gov't Code § 1201.029 · Subchapter B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY
COMMISSIONS NOT TO BE PAID FROM PRINCIPAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means, for purposes of determining whether the principal amount of the public securities that are issued exceeds the limitation, amounts produced by the initial purchaser through market pricing of the public securities when the public securities are resold by the initial purchaser are not considered proceeds of the issuer if the amounts constitute all or part of the compensation of the initial purchaser.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1193, Sec. 1, eff. June 20, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm
- Text hash
- sha256 fd5dc08ce410c04a91b34a3a2d0710d42cbc6ae1572290723517b1a5e570930b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.