Tex. Gov't Code § 1207.028 · Subchapter B. ADVANCE REFUNDING PROCEDURES
COMPTROLLER TO SEND AND RECORD DEPOSIT OR PAYMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After receipt of a deposit or payment under this subchapter, the comptroller shall immediately and by the most expeditious means send to the paying agent for the obligation being refunded an amount equal to the deposit or payment less the amount of any fee charged under Section 1207.032.
(b) The comptroller shall notify the paying agent to send to the comptroller the obligation being refunded.
(c) After the comptroller has made a record of its payment and cancellation, the comptroller shall send the obligation being refunded and any interest coupon to the issuer.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1207.htm
- Text hash
- sha256 7d2f3feaec3f153a774e9373729bd0a71a978a139636a14703a5800e96b74941
- 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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