Tex. Gov't Code § 1202.003 · Chapter 1202. EXAMINATION AND REGISTRATION OF PUBLIC SECURITIES
REVIEW AND APPROVAL OF PUBLIC SECURITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before the issuance of a public security, the issuer shall submit the public security and the record of proceedings to the attorney general.
(b) If the attorney general finds that the public security has been authorized to be issued in conformity with law, the attorney general shall:
(1) approve the public security; and
(2) deliver to the comptroller:
(A) a copy of the attorney general's legal opinion stating that approval; and
(B) the record of proceedings.
(b-1) Notwithstanding Subsection (b), if Section 1372.037(b) applies with respect to the issuance of qualified residential rental project bonds in a program year, the attorney general must certify the issuer's compliance with that subsection before approving the issuance of those bonds. A certification made under this subsection may be based solely on a written verification provided by the issuer on request of the attorney general.
(c) Unless exempted by Section 1202.007, the issuance of a public security except in compliance with this chapter is prohibited.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 1006 (H.B. 1766), Sec. 1, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1202.htm
- Text hash
- sha256 a9eec09312d51525df5307a715de52fcc71ec8495db36acd0354e9d112252152
- 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
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