Texas Administrative Code Title 1 Section 53.16

1 Texas Administrative Code § 53.16 – Submission and Approval of Transcripts (a) Submitting Attorney. A transcript must be submitted by an attorney licensed in Texas. (b) Submission Deadlines. An issuer must submit its record of proceedings at least 10 working days prior to closing for traditional financings, and at least 12 working days prior […]

Texas Administrative Code Title 1 Section 53.15

1 Texas Administrative Code § 53.15 – Compliance with State and Federal Election Laws When election proceedings are submitted as part of a record of proceedings, the general certificate shall include a certification confirming that the election was conducted in accordance with all applicable state and federal laws.

Texas Administrative Code Title 1 Section 53.14

1 Texas Administrative Code § 53.14 – Elections (a) Types of Elections. Proceedings of the following elections must be submitted with the first transcript of proposed public securities utilizing the authority acquired through the election: (1) an election authorizing the issuance of public securities; (2) an election authorizing the levy or imposition of a tax […]

Texas Administrative Code Title 1 Section 53.13

1 Texas Administrative Code § 53.13 – Refunding Issues by Consent When refunded public securities are being redeemed by consent of the holders thereof, written evidence of such consent must be included in the transcript.

Texas Administrative Code Title 1 Section 53.12

1 Texas Administrative Code § 53.12 – Refunding Bonds (a) Definitions. For purposes of this section, the term “bonds” includes commercial paper used for refunding purposes, and the term “public securities” includes other obligations authorized to be refunded by law that do not constitute public securities under § RSA 1202.001 of the Government Code. (b) […]

Texas Administrative Code Title 1 Section 53.11

1 Texas Administrative Code § 53.11 – Seals Seals should be the official seal as adopted by the governing body. Seals on certificates must exactly correspond to seals on securities.

Texas Administrative Code Title 1 Section 53.10

1 Texas Administrative Code § 53.10 – Estimates in Statements of Taxable Values Except where otherwise permitted by law, estimates in statements of taxable values are not permissible unless the issuer has been in operation for a period of less than 18 calendar months.

Texas Administrative Code Title 1 Section 53.9

1 Texas Administrative Code § 53.9 – Securities in Litigation Pending litigation will generally disqualify proposed public securities from approval when the pending litigation concerns the public securities, the majority of the titles to office, the issuer’s creation, the boundaries of a traditional governmental issuer if a final judgment may reduce the tax base or […]

Texas Administrative Code Title 1 Section 53.8

1 Texas Administrative Code § 53.8 – Appropriated Funds and Capitalized Interest When an issuer must pay debt service on a proposed ad valorem tax public security or combination ad valorem tax and revenue public security before the initial tax levy can be collected, the issuer must provide certification that the issuer has appropriated lawfully […]

Texas Administrative Code Title 1 Section 53.7

1 Texas Administrative Code § 53.7 – Transcripts of Combination Tax and Revenue Public Securities Generally, transcripts for proposed public securities supported by a combination of ad valorem taxes and other revenues shall meet the transcript requirements for both ad valorem tax public securities and revenue public securities as provided by this chapter.