reglab/housing_qa huggingface dataset:
TX Govt Code § 1371.059 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter B. Issuance and Approval of Obligation|Section 1371.059. Validity and Incontestability

Sec. 1371.059.  VALIDITY AND INCONTESTABILITY.  (a)  If proceedings to authorize an obligation or credit agreement are approved by the attorney general and registered by the comptroller, each obligation or credit agreement, as applicable, or a contract providing revenue or security included in or executed and delivered according to the authorizing proceedings is incontestable in a court or other forum and is valid, binding, and enforceable according to its terms.(b)  Notwithstanding Subsection (a) and Section 1371.003, and except as provided by this subsection, an obligation authorized by this chapter is not valid, binding, or enforceable unless the obligation is approved by the attorney general and registered by the comptroller in accordance with Chapter 1202.  The attorney general's approval and registration by the comptroller is not required for an obligation:(1)  to which Chapter 1202 does not apply or that is exempt from approval and registration as provided by Section 1202.007(a)(1), (2), (3), (4), (6), or (7); or(2)  that matures within one year after the issuer receives payment for the obligation, regardless of whether the obligation is evidenced by an instrument with a nominal term of longer than one year.(c)  An issuer in the proceedings to authorize obligations or a credit agreement, or in a credit agreement, may agree to waive sovereign immunity from suit or liability for the purpose of adjudicating a claim to enforce the credit agreement or obligation or for damages for breach of the credit agreement or obligation.  This subsection does not apply to an issuer that is:(1)  a state agency, including a state institution of higher education; or(2)  a county with a population of 1.5 million or more.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Redesignated from Government Code Sec. 1371.057(c) and amended by Acts 1999, 76th Leg., ch. 1064, Sec. 19, eff. Sept. 1, 1999.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1310 (S.B. 968), Sec. 6, eff. June 15, 2007.Acts 2011, 82nd Leg., R.S., Ch. 1163 (H.B. 2702), Sec. 24, eff. September 1, 2011.|
TX Govt Code § 1371.060 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter B. Issuance and Approval of Obligation|Section 1371.060. Refinancing, Renewal, or Refunding of Obligation or Credit Agreement

Sec. 1371.060.  REFINANCING, RENEWAL, OR REFUNDING OF OBLIGATION OR CREDIT AGREEMENT.  An obligation, including accrued interest, or a credit agreement may from time to time be refinanced, renewed, or refunded by the issuance of another obligation or credit agreement.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Renumbered from Government Code Sec. 1371.058 by Acts 1999, 76th Leg., ch. 1064, Sec. 19, eff. Sept. 1, 1999.|
TX Govt Code § 1371.061 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter B. Issuance and Approval of Obligation|Section 1371.061. Management Reports

Sec. 1371.061.  MANAGEMENT REPORTS.  (a)  If a governing body authorizes an interest rate management agreement transaction, the governing body shall designate an officer of the issuer to monitor and report on the transaction.  At least annually, the designated officer shall present to the governing body a written report, signed by the designated officer, on all outstanding interest rate management agreement transactions conducted for the issuer.  The report must:(1)  describe the terms of the transactions;(2)  contain a statement:(A)  of the fair value of each transaction;(B)  of the value of any collateral posted to or by the issuer under the transactions with each counterparty at the year's end; and(C)  reviewing the transactions' cash flows;(3)  identify with respect to each transaction the counterparty, any guarantor of the counterparty's obligations under the transaction, and the credit ratings of the counterparty and the guarantor; and(4)  state whether the continuation of the transactions under the agreement would comply with the issuer's interest rate management agreement policy.(b)  This section does not apply to an issuer that has entered into:(1)  at least three interest rate management agreement transactions before November 1, 2006; or(2)  one or more interest rate management agreement transactions with notional amounts totaling at least $400 million before November 1, 2006.|Added by Acts 2007, 80th Leg., R.S., Ch. 1310 (S.B. 968), Sec. 7, eff. June 15, 2007.|
TX Govt Code § 1371.101 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter C. Financial Aspects of Obligation|Section 1371.101. Obligation as Negotiable Instrument and Investment Security

Sec. 1371.101.  OBLIGATION AS NEGOTIABLE INSTRUMENT AND INVESTMENT SECURITY.  An obligation is:(1)  a negotiable instrument;  and(2)  an investment security to which Chapter 8, Business & Commerce Code, applies.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1371.102 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter C. Financial Aspects of Obligation|Section 1371.102. Use of Certain Proceeds

Sec. 1371.102.  USE OF CERTAIN PROCEEDS.  (a)  The proceeds from the sale of an obligation may be deposited or invested in any manner and in any obligation specified in the obligation authorization.(b)  A project cost incurred before the issuance of an obligation issued to finance the related eligible project may be reimbursed from the proceeds from the sale of the obligation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1371.103 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter C. Financial Aspects of Obligation|Section 1371.103. Security for Obligation

Sec. 1371.103.  SECURITY FOR OBLIGATION.  (a)  An obligation must be secured solely by:(1)  the proceeds from the sale of other obligations;(2)  the proceeds from the sale of revenue bonds payable from the revenue to be received from a public works or a specified user of a public works;(3)  any revenue that the issuer is authorized by the constitution, a statute, or the charter of a home-rule municipality to pledge to the payment of an obligation;(4)  a credit agreement;  or(5)  any combination of those sources.(b)  A governing body may secure an obligation and pay the cost of a credit agreement executed and delivered in connection with the financing of a project cost with:(1)  the sources permitted by this chapter;  and(2)  ad valorem taxes to the extent the project cost relates to an eligible project financed or to be financed with obligations payable from ad valorem taxes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 20, eff. Sept. 1, 1999.|
TX Govt Code § 1371.104 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter C. Financial Aspects of Obligation|Section 1371.104. Source of Repayment of Obligation

Sec. 1371.104.  SOURCE OF REPAYMENT OF OBLIGATION.  An obligation must be repaid from:(1)  a source of security for the payment of the obligation;(2)  money received from a credit agreement;  or(3)  any other revenue legally available for the payment of the obligation.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1371.105 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter C. Financial Aspects of Obligation|Section 1371.105. Pledge or Lien on Resources, Assets, or Fund of Issuer

Sec. 1371.105.  PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER.  (a)  A pledge or lien provided for in the resolution, order, ordinance, or other proceedings authorizing a public security, a credit agreement, or another agreement on a resource of the issuer, including revenue or income, on an asset of the issuer, or on a fund maintained by the issuer to secure payment of the public security or to secure a payment required by a credit agreement or other agreement:(1)  is valid and binding without further action by the issuer according to its terms and without being filed or recorded, except in the records of the issuer;(2)  is effective from the time of payment for and delivery of the public security or execution of the credit agreement or other agreement until:(A)  the public security or other payment has been paid;(B)  payment of the public security has been provided for;  or(C)  each term of the credit agreement or other agreement has been satisfied;  and(3)  is effective as to an item on hand or later received, and the item is subject to the lien or pledge without physical delivery of the item or other action.(b)  This section does not exempt an issuer from a duty to:(1)  record a lien on real property;  or(2)  submit a public security issue for approval by the attorney general and registration by the comptroller.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1371.106 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter C. Financial Aspects of Obligation|Section 1371.106. Pledge of or Lien on Sales or Use Tax Revenue

Sec. 1371.106.  PLEDGE OF OR LIEN ON SALES OR USE TAX REVENUE.  This chapter does not affect a restriction imposed by Chapter 321, Tax Code, on a pledge of or lien on sales and use tax revenue.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1371.151 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter D. Advisers Retained for the Issuance of Public Securities and Related Matters|Section 1371.151. Definitions

Sec. 1371.151.  DEFINITIONS.  In this subchapter:(1)  "Advice" means the advice provided by an adviser regarding activities described by Sections 1371.154(b)(2)(A)-(C).(2)  "Adviser" means a person who provides advice regarding activities described by Sections 1371.154(b)(2)(A)-(C).(3)  "Interest rate management agreement" means an agreement that provides for an interest rate transaction, including:(A)  a swap, basis, forward, option, cap, collar, floor, lock, or hedge; or(B)  any combination of these types of agreements or transactions.(4)  "Municipal finance professional" means an individual, other than an individual whose functions are solely clerical or ministerial, whose activities include:(A)  underwriting, trading, or the sale of municipal securities;(B)  financial advisory or consultant services for issuers in connection with the issuance of public securities, the execution and delivery of interest rate management agreements, or the investment of the proceeds of public securities;(C)  research or investment advice with respect to municipal securities, provided that the research or advice relates to an activity described by Paragraph (A) or (B); or(D)  any other activity that involves direct or indirect communication with public investors regarding public securities, provided that the activity relates to an activity described by Paragraph (A) or (B).(5)  "Public security" has the meaning assigned by Section 1202.001.|Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 7, eff. September 1, 2007.|
TX Govt Code § 1371.152 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter D. Advisers Retained for the Issuance of Public Securities and Related Matters|Section 1371.152. Exemptions

Sec. 1371.152.  EXEMPTIONS.  This subchapter does not apply to:(1)  an issuer who has more than $3 billion in outstanding obligations as of September 1, 2007, or to a nonprofit corporation investing funds on behalf of such an issuer;(2)  a person acting as a financial adviser with respect to an issuance of public securities by an issuer created under Chapter 8503, Special District Local Laws Code, delivered before January 1, 2010, under a contract that was in effect on September 1, 2007, and that has not been modified since that date;(3)  an employee of an issuer providing advice to the issuer or to another issuer;(4)  a state agency:(A)  created by Section 49-b, Article III, Texas Constitution; or(B)  the head of which is an officer in the executive department under Section 1, Article IV, Texas Constitution; or(5)  a corporation created under Chapter 505, Local Government Code, by a municipality located in a county bordering the Rio Grande River.|Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 7, eff. September 1, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 11.015, eff. September 1, 2009.|
TX Govt Code § 1371.153 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter D. Advisers Retained for the Issuance of Public Securities and Related Matters|Section 1371.153. Exemptions for Certain Advice

Sec. 1371.153.  EXEMPTIONS FOR CERTAIN ADVICE.  This subchapter does not apply to advice to an issuer regarding:(1)  a loan or a line of credit by a depository institution to an issuer in a transaction not involving the issuance of a public security offered to a third party or parties; or(2)  a deposit of funds with a depository institution in compliance with another statute of this state.|Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 7, eff. September 1, 2007.|
TX Govt Code § 1371.154 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1371 - Obligations for Certain Public Improvements|Subchapter D. Advisers Retained for the Issuance of Public Securities and Related Matters|Section 1371.154. Financial Adviser or Investment Adviser Qualifications and Requirements for Certain Agreements and Transactions

Sec. 1371.154.  FINANCIAL ADVISER OR INVESTMENT ADVISER QUALIFICATIONS AND REQUIREMENTS FOR CERTAIN AGREEMENTS AND TRANSACTIONS.  (a)  This section applies to a financial adviser or an investment adviser who advises the issuer in connection with:(1)  an interest rate management agreement;(2)  the execution or delivery of a public security; or(3)  the investment of the public security proceeds.(b)  To be eligible to be a financial adviser or an investment adviser under this subchapter, the adviser must:(1)  be registered:(A)  as a dealer or investment adviser in accordance with Section 4004.051, 4004.052, or 4004.302;(B)  with the United States Securities and Exchange Commission under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.), if the adviser is providing advice on the investment of bond proceeds and not on the issuance of a public security or an interest rate management agreement; or(C)  with the United States Securities and Exchange Commission as a municipal advisor under Section 15B, Securities Exchange Act of 1934 (15 U.S.C. Section 78o-4);(2)  have relevant experience in providing advice to issuers in connection with:(A)  the issuance of public securities;(B)  the valuation of interest rate management agreements; or(C)  the investment of public security proceeds; and(3)  acknowledge in writing to the issuer that in connection with the transaction for which the adviser is providing advice the adviser:(A)  is acting as the issuer's agent; and(B)  has complied with the requirements of this subchapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 7, eff. September 1, 2007.Amended by: Acts 2015, 84th Leg., R.S., Ch. 575 (H.B. 3132), Sec. 1, eff. September 1, 2015.Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.25, eff. January 1, 2022.|
TX Govt Code § 1372.003 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter A. General Provisions|Section 1372.003. "Closing" in Connection With Mortgage Credit Certificates

Sec. 1372.003.  "CLOSING" IN CONNECTION WITH MORTGAGE CREDIT CERTIFICATES.  The closing of mortgage credit certificates occurs on the date on which an issuer elects not to issue qualified mortgage bonds and to establish a mortgage credit certificate program under Section 25, Internal Revenue Code (26 U.S.C. Section 25).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.004 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter A. General Provisions|Section 1372.004. Rules

Sec. 1372.004.  RULES.  The board may adopt rules necessary to accomplish the purposes of this chapter.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.005 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter A. General Provisions|Section 1372.005. Delivery of Required Submissions to Board; Issuance of Receipts

Sec. 1372.005.  DELIVERY OF REQUIRED SUBMISSIONS TO BOARD;  ISSUANCE OF RECEIPTS.  (a)  A submission required by this chapter must be delivered to the board at its Austin office during normal business hours.(b)  The board shall:(1)  note on the face of the document delivered the date and time of delivery;  and(2)  provide the submitting issuer with a receipt that:(A)  describes the document delivered;  and(B)  states the date and time of delivery.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.021 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.021. Annual Allocation of State Ceiling

Sec. 1372.021.  ANNUAL ALLOCATION OF STATE CEILING.  The state ceiling for each calendar year is allocated to issuers of private activity bonds.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1372.022 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.022. Availability of State Ceiling to Issuers

Sec. 1372.022.  AVAILABILITY OF STATE CEILING TO ISSUERS.(a)  If the state ceiling is computed on the basis of $75 per capita or a greater amount, before August 15 of each year:(1)  32.25 percent of the state ceiling is available exclusively for reservations by issuers of qualified mortgage bonds;(2)  10.0 percent of the state ceiling is available exclusively for reservations by issuers of state-voted issues;(3)  2.0 percent of the state ceiling is available exclusively for reservations by issuers of qualified small issue bonds and enterprise zone facility bonds;(4)  26.25 percent of the state ceiling is available exclusively for reservations by issuers of qualified residential rental project bonds; and(5)   29.5 percent of the state ceiling is available exclusively for reservations by any other issuer of bonds that require an allocation.(b)  On and after August 15, that portion of the state ceiling available for reservations becomes available for all applications for reservations in the order determined by the board by lot.  If all applicants for a reservation have been offered a portion of the available state ceiling, then the board shall grant reservations in the order in which the applications for those reservations are received.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 10.01, eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 1420, Sec. 8.013(a), eff. Sept. 1, 2001;  Acts 2001, 77th Leg., ch. 1468, Sec. 1, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 1329, Sec. 3, eff. Sept. 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1416 (S.B. 2064), Sec. 7, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 992 (S.B. 1474), Sec. 4, eff. September 1, 2019.|
TX Govt Code § 1372.0223 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle F - Specific Authority for State or Local Government to Issue Securities|Chapter 1372 - Private Activity Bonds and Certain Other Bonds|Subchapter B. Allocation and Reservation of State Ceiling|Section 1372.0223. Dedication of Portion of State Ceiling to Certain Issuers of Qualified Mortgage Bonds

Sec. 1372.0223.  DEDICATION OF PORTION OF STATE CEILING TO CERTAIN ISSUERS OF QUALIFIED MORTGAGE BONDS.  Until August 7, out of that portion of the state ceiling that is available exclusively for reservations by issuers of qualified mortgage bonds under Section 1372.022:(1)  10 percent is available exclusively to the Texas State Affordable Housing Corporation for the purpose of issuing qualified mortgage bonds; and(2)  56.66 percent is available exclusively to housing finance corporations for the purpose of issuing qualified mortgage bonds.|Added by Acts 2005, 79th Leg., Ch. 674 (S.B. 132), Sec. 9, eff. June 17, 2005.Amended by: Acts 2007, 80th Leg., R.S., Ch. 544 (S.B. 1185), Sec. 3, eff. September 1, 2007.Acts 2007, 80th Leg., R.S., Ch. 1108 (H.B. 3552), Sec. 4, eff. September 1, 2007.|