Report of State Security Sold Through Negotiation

Sec. 1231.083. REPORT OF STATE SECURITY SOLD THROUGH NEGOTIATION. A report concerning a state security sold through negotiation must state: (1) the components of the spread, including: (A) management fee; (B) structuring fee; (C) underwriting risk; (D) takedown; and (E) spread expenses; (2) each firm's share of underwriting risk; (3) the underwriter's counsel; (4) a summary of obligation orders and allotments by maturity, firm, and order type; and (5) each syndicate firm's share of management fee, structuring fee, underwriting risk fee, and takedown. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.