reglab/housing_qa huggingface dataset:
TX Govt Code § 1201.025 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.025. Rate of Interest

Sec. 1201.025.  RATE OF INTEREST.  (a)  An interest rate on a public security that bears interest may be fixed, variable, floating, adjustable, or computed by another method.(b)  If an interest rate is not specified by the governing body of an issuer issuing a public security, the interest rate is determined by a formula or contractual arrangement for the periodic determination of the rate.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.001, eff. Sept. 1, 2001.|
TX Govt Code § 1201.026 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.026. Execution of Public Security or Interest Coupon

Sec. 1201.026.  EXECUTION OF PUBLIC SECURITY OR INTEREST COUPON.  (a)  A public security or an interest coupon may be executed, with or without a seal, with a manual or facsimile signature.(b)  The signature on a public security or on an interest coupon of a person who is no longer an officer when the security or coupon is delivered to a purchaser is valid and sufficient for all purposes.(c)  A person's successor in office may complete the execution, authentication, or delivery of the public security or interest coupon.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.027 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.027. Authority of Issuer to Contract for Services

Sec. 1201.027.  AUTHORITY OF ISSUER TO CONTRACT FOR SERVICES.  (a)  An issuer has exclusive authority to select, contract with, and determine the basis for compensation of a person to provide legal and other services as may be determined by the issuer to be necessary in connection with the issuer's issuance of public securities or administration of its affairs that pertain to the issuance of public securities.  The selection of legal counsel shall be made in accordance with the provisions of Subchapter A, Chapter 2254, applicable to the selection by a governmental entity of a provider of professional engineering services.(b)  Subsection (a) does not impair the authority of the attorney general under Section 402.0212 to approve a contract for legal services entered into by a state agency.(c)  Except as provided by Subsection (b), to the extent of a conflict between this section and another law or a municipal charter, this section controls.(d)  An issuer of a state security, as defined by Section 1231.001, that selects or contracts with a person to provide services under Subsection (a) shall, on request, submit to the Bond Review Board:(1)  the request for proposals to provide the services not later than the date the request for proposals is published;(2)  each final proposal received to provide the services before a contract for the services is entered into by the issuer; and(3)  an executed contract entered into by an issuer for services under Subsection (a).|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 2, eff. Sept. 1, 1999.Amended by: Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 1, eff. September 1, 2007.|
TX Govt Code § 1201.028 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.028. Single Meeting of Governing Body Sufficient

Sec. 1201.028.  SINGLE MEETING OF GOVERNING BODY SUFFICIENT.  Notwithstanding any other law, including a provision in a municipal charter, the following actions taken at a meeting of the governing body of an issuer are effective immediately and a subsequent meeting is not required:(1)  a resolution, order, or ordinance calling an election to:(A)  authorize the issuance and sale of a public security;  or(B)  approve the resources, revenue, or income of the issuer that may be pledged as security for a public security;(2)  a resolution, order, or ordinance canvassing the results of an election described by Subdivision (1);  or(3)  a public security authorization.|Added by Acts 2001, 77th Leg., ch. 769, Sec. 2, eff. Sept. 1, 2001.|
TX Govt Code § 1201.029 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.029. Commissions Not to Be Paid From Principal

Sec. 1201.029.  COMMISSIONS NOT TO BE PAID FROM PRINCIPAL.  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.|Added by Acts 2003, 78th Leg., ch. 1193, Sec. 1, eff. June 20, 2003.|
TX Govt Code § 1201.041 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter C. Financial Aspects of Public Security|Section 1201.041. Public Security as Negotiable Instrument and Investment Security

Sec. 1201.041.  PUBLIC SECURITY AS NEGOTIABLE INSTRUMENT AND INVESTMENT SECURITY.  A public security is:(1)  a negotiable instrument;(2)  an investment security to which Chapter 8, Business & Commerce Code, applies;  and(3)  a legal and authorized investment for:(A)  an insurance company;(B)  a fiduciary or trustee;  or(C)  a sinking fund of a municipality or other political subdivision or public agency of this state.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.042 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter C. Financial Aspects of Public Security|Section 1201.042. Use of Certain Proceeds

Sec. 1201.042.  USE OF CERTAIN PROCEEDS.  (a)  An issuer may use the proceeds of a public security issued to finance the acquisition, construction, or improvement of a project or facility to:(1)  pay interest on the public security while the project or facility is being acquired, constructed, or improved and for the year after it is acquired, constructed, or improved;(2)  operate and maintain the project or facility during the estimated period of acquisition, construction, or improvement of the project or facility and for one year after it is acquired, constructed, or improved;(3)  finance other funds relating to the public security, including debt service reserve and contingency;  and(4)  pay the cost or expense of the issuance of the public security.(b)  To the extent and in the manner provided in a public security authorization, until the proceeds from a public security described by Subsection (a) are needed the proceeds may be:(1)  placed on time deposit;  or(2)  invested in an obligation authorized for the investment of money of the issuer.(c)  Proceeds from the sale of a public security issued to finance the acquisition, construction, equipping, or furnishing of a project or facility may be used to reimburse the issuer for a cost that is:(1)  attributable to the project or facility;  and(2)  paid or incurred before the date of the public security's issuance.(d)  An issuer may spend a premium received by the issuer as part of the purchase price of public securities sold at a public or private sale:(1)  to provide for payment of debt service on the public securities sold;(2)  to contribute to an escrow established to provide for payment of debt service on obligations being refunded through the sale of the public securities;(3)  to pay the cost or expense of issuing the public securities;  or(4)  to pay any other cost related to the purpose for which the public securities were issued, as specified in the public security authorization.(e)  Subsection (d)(4) does not authorize an issuer to spend money in an amount that exceeds limitations provided by other law or by the public security authorization.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2003, 78th Leg., ch. 270, Sec. 1, eff. June 18, 2003.|
TX Govt Code § 1201.043 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter C. Financial Aspects of Public Security|Section 1201.043. Use of Investment Income

Sec. 1201.043.  USE OF INVESTMENT INCOME.  An issuer authorized to invest proceeds from the sale of a public security, including by placing the proceeds on time deposit, may use money earned from the investment for the purpose for which the public security was issued.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.044 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter C. Financial Aspects of Public Security|Section 1201.044. Pledge or Lien on Resources, Assets, or Fund of Issuer

Sec. 1201.044.  PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER.  (a)  A pledge or lien provided for in a public security authorization on a resource of an issuer, including revenue or income, on an asset of an issuer, or on a fund maintained by an issuer:(1)  is valid 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 until the public security is paid or payment of the public security has been provided for;  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 act.(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 to the attorney general for approval and registration by the comptroller.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.061 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.061. Conversion, Reconversion, Transfer, or Exchange of Public Security

Sec. 1201.061.  CONVERSION, RECONVERSION, TRANSFER, OR EXCHANGE OF PUBLIC SECURITY.  (a)  The governing body of an issuer may:(1)  provide and covenant for:(A)  conversion of one form of a public security or an interest coupon to another form or forms;  and(B)  reconversion of the public security or interest coupon to another form or forms;  and(2)  provide procedures for transferring or exchanging a public security for a previously issued public security.(b)  A public security or an interest coupon may be converted, on request of a bearer or owner, in an aggregate principal amount equal to the unpaid principal amount of the public security being converted, bearing interest at the same rate or rates as the security being converted, to:(1)  a public security with interest coupons, payable to the bearer, and registrable as to principal and interest or only as to principal;(2)  a fully registered public security without interest coupons;  or(3)  any other form, in any denomination.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.062 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.062. Change or Conversion of Public Security

Sec. 1201.062.  CHANGE OR CONVERSION OF PUBLIC SECURITY.  If a public security authorization provides a procedure for changing or converting a public security, an additional resolution, order, or ordinance is not required to change or convert the security.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.063 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.063. Execution and Exchange of New Public Security

Sec. 1201.063.  EXECUTION AND EXCHANGE OF NEW PUBLIC SECURITY.  (a)  On request of the bearer or owner of a public security, if required or necessary, an appropriate officer of the issuer shall execute and exchange an appropriate new public security for the changed or converted public security.(b)  If a public security that is changed or converted has interest coupons, appropriate new coupons shall also be executed and exchanged.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.064 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.064. Submission of New Public Security to Attorney General

Sec. 1201.064.  SUBMISSION OF NEW PUBLIC SECURITY TO ATTORNEY GENERAL.  Except as provided by Section 1201.067, an issuer that changes or converts a public security that has been registered by the comptroller shall submit the new public security to the attorney general for approval.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.065 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.065. Approval of New Public Security by Attorney General

Sec. 1201.065.  APPROVAL OF NEW PUBLIC SECURITY BY ATTORNEY GENERAL.  The attorney general shall approve a new public security if the attorney general finds that the new public security has been printed or entered on the books of the registrar and executed and issued as provided by law and a public security authorization relating to the public security being changed or converted.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.066 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.066. Registration of New Public Security by Comptroller

Sec. 1201.066.  REGISTRATION OF NEW PUBLIC SECURITY BY COMPTROLLER.  (a)  The comptroller shall register and deliver a new public security after:(1)  approval of the new public security by the attorney general;  and(2)  the surrender to and the cancellation by the comptroller of each changed or converted public security.(b)  On registration the new public security is valid and incontestable for all purposes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.067 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter D. Change or Conversion of Public Securities|Section 1201.067. Exception to Approval Requirement

Sec. 1201.067.  EXCEPTION TO APPROVAL REQUIREMENT.  (a)  If the duty to convert or reconvert a public security or interest coupon or to transfer or exchange a public security is imposed on a corporate trustee under a trust agreement or indenture securing the public security or on a paying agent for the public security, the attorney general is not required to approve and the comptroller is not required to register:(1)  the converted or reconverted public security or interest coupon;  or(2)  the public security delivered on transfer or exchange of the previously issued public security.(b)  A converted or reconverted public security or interest coupon, or a transferred or exchanged public security, is valid and incontestable in the same manner and with the same effect as the previously issued public security.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.001 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter A. General Provisions|Section 1203.001. Definitions

Sec. 1203.001.  DEFINITIONS.  In this chapter:(1)  "Fully registrable," with respect to a public security, means that:(A)  the principal of and interest on the public security are payable only to the registered owner of the public security;(B)  the principal of the public security is payable on presentation of the public security at the place of payment;  and(C)  the interest on the public security is payable to the registered owner of the public security at the most recent address of that owner as shown on the books of the registrar.(2)  "Issuer" means this state or a department, board, authority, agency, district, municipal corporation, political subdivision, instrumentality, or other political corporation of this state that is authorized to issue public securities.(3)  "Public security" means a bond, note, certificate of obligation, certificate of indebtedness, or other obligation for the payment of money lawfully issued by an issuer.(4)  "Public security authorization" means the resolution, order, or ordinance authorizing the issuance of a public security.(5)  "Registered owner" means:(A)  the payee named in a fully registrable public security;  or(B)  the legal representative of or successor to that payee.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.002 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter A. General Provisions|Section 1203.002. Effect on Uniform Commercial Code

Sec. 1203.002.  EFFECT ON UNIFORM COMMERCIAL CODE.  This chapter does not:(1)  qualify Title 1, Business & Commerce Code;  or(2)  limit the negotiability of a public security as provided by that title.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.003 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter A. General Provisions|Section 1203.003. Conflict With Municipal Charter

Sec. 1203.003.  CONFLICT WITH MUNICIPAL CHARTER.  To the extent of a conflict between this chapter and a municipal charter, this chapter controls.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.021 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter B. Registration of Public Security|Section 1203.021. Registrar for Public Security; Designation in Proceedings

Sec. 1203.021.  REGISTRAR FOR PUBLIC SECURITY;  DESIGNATION IN PROCEEDINGS.  (a)  The public security authorization that authorizes a fully registrable public security shall designate the registrar for the security.(b)  The registrar may be:(1)  the comptroller;(2)  a home-rule municipality with a population of more than 100,000, as to a security of the municipality;(3)  a county with a population of more than 100,000, as to a security of the county;(4)  a bank, including a commercial bank, at which the principal of the security is payable;  or(5)  a trust company organized under a law of this state.(c)  Designation of a county as registrar for a public security issued by the county is effective only if the commissioners court of the county makes the designation with regard to an issuance of debt.(d)  The county treasurer or the county officer who has the powers and duties of the county treasurer shall perform the registration duties for a county that is designated a registrar.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.022 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter B. Registration of Public Security|Section 1203.022. Registration of Public Security; Conflict With Public Security Authorization

Sec. 1203.022.  REGISTRATION OF PUBLIC SECURITY;  CONFLICT WITH PUBLIC SECURITY AUTHORIZATION.  (a)  A fully registrable public security may be registered as provided by the public security authorization relating to the security.(b)  To the extent of a conflict between this chapter and a public security authorization that provides that a public security is fully registrable, this chapter prevails.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.023 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter B. Registration of Public Security|Section 1203.023. Maintenance of Registrar Records by Trust Company or Commercial Bank

Sec. 1203.023.  MAINTENANCE OF REGISTRAR RECORDS BY TRUST COMPANY OR COMMERCIAL BANK.  At the direction of the issuer, a trust company or a commercial bank acting as a registrar under this chapter shall maintain the registrar records in this state.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 769, Sec. 3, eff. Sept. 1, 2001.|
TX Govt Code § 1203.024 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter B. Registration of Public Security|Section 1203.024. Change of Name or Address of Registered Owner

Sec. 1203.024.  CHANGE OF NAME OR ADDRESS OF REGISTERED OWNER.  If the comptroller is designated under this chapter as registrar of a public security and the comptroller's registration book reflects the change of name or address of a registered owner of the security, the comptroller shall notify each paying agent of the change.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1203.025 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1203 - Registrar for Public Security|Subchapter B. Registration of Public Security|Section 1203.025. Cost and Expenses for Registration or Exchange of Public Security

Sec. 1203.025.  COST AND EXPENSES FOR REGISTRATION OR EXCHANGE OF PUBLIC SECURITY.  A public security authorization that authorizes the issuance of a public security that is, initially or by exchange or conversion, fully registrable shall state the part of the cost and expense of registering or exchanging the security that the issuer will pay, including fees of the registrar named in the public security authorization.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|