Texas Government Code Title 9, Chapter 1201 - Public Security Procedures Act

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 1201.001 - Short Title
  This chapter may be cited as the Public Security Procedures Act. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
• Texas Section 1201.002 - Definitions
  In this chapter: (1) "Issuer" means: (A) an agency, authority, board, body politic, department, district, instrumentality, municipal corporation, political subdivision, public corporation, or subdivision of...
• Texas Section 1201.003 - Applicability
  This chapter applies to: (1) an original public security; (2) a refunding public security; (3) an exchanged or converted public security; or (4) any combination...
• Texas Section 1201.004 - Construction
  This chapter shall be liberally construed to achieve the legislative intent and purposes of this chapter. A power granted by this chapter shall be broadly...

SUBCHAPTER B ISSUANCE AND APPROVAL OF PUBLIC SECURITY

• Texas Section 1201.005 - Contents Of Public Security Authorization
  To the extent applicable to an authorized public security, the public security authorization for the public security must contain each item or other matter authorized...
• Texas Section 1201.021 - Characteristics Of Public Security
  A public security may: (1) be issued in any denomination; (2) bear no interest or bear interest at one or more specified rates; (3) be...
• Texas Section 1201.022 - Terms Of Issuance
  (a) A public security may be: (1) issued singly or in a series; (2) made payable in a specified amount or amounts or installments to:...
• Texas Section 1201.023 - Uncertificated Book-entry Issuance
  (a) The governing body of an issuer may provide for a book-entry record of ownership of a public security issued by the issuer. A public...
• Texas Section 1201.024 - Form Of Public Security
  (a) A public security may be: (1) issued in a specified form or forms; (2) issued with one or more interest coupons; (3) registrable as...
• Texas Section 1201.0245 - Capital Appreciation Bonds By Political Subdivisions
  (a) In this section, "capital appreciation bond" means a bond that accrues and compounds interest from its date of delivery, the interest on which by...
• Texas Section 1201.025 - Rate Of Interest
  (a) An interest rate on a public security that bears interest may be fixed, variable, floating, adjustable, or computed by another method. (b) If an...
• Texas Section 1201.026 - Execution Of Public Security Or Interest Coupon
  (a) A public security or an interest coupon may be executed, with or without a seal, with a manual or facsimile signature. (b) The signature...
• Texas Section 1201.027 - Authority Of Issuer To Contract For Services
  (a) An issuer has exclusive authority to select, contract with, and determine the basis for compensation of a person to provide legal and other services...
• Texas Section 1201.028 - Single Meeting Of Governing Body Sufficient
  Notwithstanding any other law, including a provision in a municipal charter, the following actions taken at a meeting of the governing body of an issuer...

SUBCHAPTER C FINANCIAL ASPECTS OF PUBLIC SECURITY

• Texas Section 1201.029 - Commissions Not To Be Paid From Principal
  In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means,...
• Texas Section 1201.041 - Public Security As Negotiable Instrument And Investment Security
  A public security is: (1) a negotiable instrument; (2) an investment security to which Chapter 8, Business & Commerce Code, applies; and (3) a legal...
• Texas Section 1201.042 - Use Of Certain Proceeds
  (a) An issuer may use the proceeds of a public security issued to finance the acquisition, construction, or improvement of a project or facility to:...
• Texas Section 1201.043 - Use Of Investment Income
  An issuer authorized to invest proceeds from the sale of a public security, including by placing the proceeds on time deposit, may use money earned...

SUBCHAPTER D CHANGE OR CONVERSION OF PUBLIC SECURITIES

• Texas Section 1201.044 - Pledge Or Lien On Resources, Assets, Or Fund Of Issuer
  (a) A pledge or lien provided for in a public security authorization on a resource of an issuer, including revenue or income, on an asset...
• Texas Section 1201.061 - Conversion, Reconversion, Transfer, Or Exchange Of Public Security
  (a) The governing body of an issuer may: (1) provide and covenant for: (A) conversion of one form of a public security or an interest...
• Texas Section 1201.062 - Change Or Conversion Of Public Security
  If a public security authorization provides a procedure for changing or converting a public security, an additional resolution, order, or ordinance is not required to...
• Texas Section 1201.063 - Execution And Exchange Of New Public Security
  (a) On request of the bearer or owner of a public security, if required or necessary, an appropriate officer of the issuer shall execute and...
• Texas Section 1201.064 - Submission Of New Public Security To Attorney General
  Except as provided by Section 1201.067, an issuer that changes or converts a public security that has been registered by the comptroller shall submit the...
• Texas Section 1201.065 - Approval Of New Public Security By Attorney General
  The attorney general shall approve a new public security if the attorney general finds that the new public security has been printed or entered on...
• Texas Section 1201.066 - Registration Of New Public Security By Comptroller
  (a) The comptroller shall register and deliver a new public security after: (1) approval of the new public security by the attorney general; and (2)...
• Texas Section 1201.067 - Exception To Approval Requirement
  (a) If the duty to convert or reconvert a public security or interest coupon or to transfer or exchange a public security is imposed on...

Last modified: September 28, 2016