General Requirements

Sec. 1231.081. GENERAL REQUIREMENTS. (a) Each entity that issues a state security shall report to the board its security transactions. (b) A report must: (1) be itemized; (2) state in dollars the information required by Subsection (c) or Sections 1231.082-1231.085 for money paid to each business and classify each of the businesses that money was paid to according to: (A) the race, ethnicity, and gender of the controlling ownership of each business; and (B) whether the business is domestic or foreign; and (3) be made in compliance with board rule. (c) For any security transaction, the report must state each issuance cost, including the cost of: (1) bond counsel; (2) financial advisor; (3) rating agencies; (4) official statement preparation; (5) official statement printing; (6) bond printing; (7) paying agent or registrar; (8) escrow agent; (9) escrow verification agent; (10) trustee; (11) attorney general; (12) dealer fee; (13) remarketing fee; and (14) credit enhancement. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.