Texas Government Code Title 9, Chapter 1231 - Bond Review Board

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 1231.001 - Definitions
  In this chapter: (1) "Board" means the Bond Review Board. (1-a) "Interest rate management agreement" means an agreement that provides for an interest rate transaction,...

SUBCHAPTER B BOND REVIEW BOARD

• Texas Section 1231.002 - Certain Rights Of Issuers Not Affected
  This chapter does not affect the right of an issuer of state securities to select its own bond counsel, underwriter, financial advisor, or other service...
• Texas Section 1231.021 - Bond Review Board; Presiding Officer
  (a) The board is composed of: (1) the governor; (2) the lieutenant governor; (3) the speaker of the house of representatives; and (4) the comptroller....
• Texas Section 1231.022 - Rules
  The board may adopt rules: (1) relating to applications for review, the review process, and reporting requirements; (2) exempting certain state securities from the application...

SUBCHAPTER C BOARD APPROVAL OF ISSUANCE OF STATE SECURITY

• Texas Section 1231.023 - Debt Issuance Policies And Guidelines
  (a) The board shall adopt debt issuance policies to guide issuers of state securities and to ensure that state debt is prudently managed. The policies...
• Texas Section 1231.041 - Approval Of State Security
  (a) Except as otherwise provided by this section, an entity, including a state agency, may not issue a state security unless: (1) the board approves...
• Texas Section 1231.042 - Application For Approval Of Issuance Of State Security
  To obtain the approval of the board to issue a state security, a state agency or other entity must: (1) apply to the board, in...
• Texas Section 1231.043 - Approval Of Issuance
  The board shall approve the issuance of a state security if, after examining the application and documents or items of information required by the board,...

SUBCHAPTER D REPORTS TO LEGISLATURE

• Texas Section 1231.044 - State Auditor Review Of State Security Proceeds; Report
  (a) On the board's request, the state auditor shall review the disposition of state security proceeds. (b) The state auditor shall prepare a report of...
• Texas Section 1231.061 - Review Of Certain Unissued State Securities; Biennial Report To Legislature
  (a) The board shall review all state securities, including general obligation and revenue bonds, that have been authorized but are unissued. (b) Not later than...
• Texas Section 1231.062 - Biennial Debt Statistics Report
  (a) Not later than December 31 of each even-numbered year, the board shall submit to the legislature a statistical report relating to: (1) state securities;...

SUBCHAPTER E SECURITY TRANSACTION REPORTS

• Texas Section 1231.063 - Debt Affordability Study
  (a) The board, in consultation with the Legislative Budget Board, shall annually prepare a study regarding the state's current debt burden by: (1) analyzing the...
• Texas Section 1231.081 - General Requirements
  (a) Each entity that issues a state security shall report to the board its security transactions. (b) A report must: (1) be itemized; (2) state...
• Texas Section 1231.082 - Report Of State Security Sold Competitively
  A report concerning a state security that is sold competitively must state: (1) the components of the gross spread, including: (A) gross takedown; (B) expenses;...
• Texas Section 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)...
• Texas Section 1231.084 - Report Of State Security Sold Through Private Placement
  A report concerning a state security sold through private placement must state: (1) each component of the private placement fee, including the: (A) management fee;...
• Texas Section 1231.085 - Report Of Refunding Or Escrow-related Transaction
  A report concerning a refunding or escrow-related transaction must state the spread paid on the purchase or sale of an escrow security. Added by Acts...

SUBCHAPTER F BOND FINANCE OFFICE

• Texas Section 1231.086 - Annual Board Reports
  (a) Repealed by Acts 2011, 82nd Leg., R.S., Ch. 1083, Sec. 25(68), eff. June 17, 2011. (b) On November 15 of each year, the board...
• Texas Section 1231.101 - Bond Finance Office
  (a) The board shall appoint a director to: (1) manage the bond finance office; and (2) select the staff of the office. (b) When practical,...
• Texas Section 1231.102 - Annual Report
  Not later than 90 days after the end of each state fiscal year, the bond finance office shall publish a report listing: (1) the amount...
• Texas Section 1231.103 - Provision Of Information Relating To Other Bonds
  The bond finance office may provide information for inclusion in a prospectus related to any bond issued under authority of state law or municipal ordinance....

Last modified: September 28, 2016