Tex. Gov't Code § 1207.029 · Subchapter B. ADVANCE REFUNDING PROCEDURES
SELECTION OF PAYING AGENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If there is more than one paying agent for an obligation being refunded, the comptroller shall send the money directly to:
(1) the paying agent located in this state, if only one paying agent is located in this state;
(2) the paying agent located in this state having the largest capital and surplus, if more than one paying agent is located in this state; or
(3) the paying agent having the largest capital and surplus, if no paying agent is located in this state and more than one paying agent is located in another state.
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 9bf1e2992cfb55af7ca59c760557c2beeb0ccd9afaa18d4a69e68229ec279e82
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 1207.029. Each shows the citation as that text prints it.
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