™Your Policy Risk Impact Agent
494 chapters · 14,705 sections in this title.
Tex. Government Code § 1204.001 Definitions
0.9K chars
Sec. 1204.001. DEFINITIONS. In this chapter: (1) "Floating rate public security" means a public security or a portion of a public security that bears a rate of interest determined in accordance with a clearly stated formula, computation, or method, under which the net interest co…
Tex. Government Code § 1204.002 Applicability
0.6K chars
Sec. 1204.002. APPLICABILITY. (a) A provision of this chapter concerning the sale price of a public security or the maximum rate of interest that a public security may bear applies to any public security without regard to a contrary provision in another law or a charter. (b) A pr…
Tex. Government Code § 1204.003 Computation of Public Security Years
1.2K chars
Sec. 1204.003. COMPUTATION OF PUBLIC SECURITY YEARS. (a) Public security years are computed for each separate public security that is part of an issue or series of public securities by dividing the principal amount at par value of the public security by 100 and multiplying the re…
Tex. Government Code § 1204.004 Computation of Net Interest Cost
2.6K chars
Sec. 1204.004. COMPUTATION OF NET INTEREST COST. (a) In this section: (1) "Discount" means an amount equal to the principal amount at par value of an issue or series of public securities plus any accrued interest to the date of delivery minus the total sum of money paid to the pu…