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.
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
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
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
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
