Texas Government Code Title 9, Chapter 1371 - Obligations For Certain Public Improvements
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 1371.001 - Definitions
In this chapter: (1) "Credit agreement" means a loan agreement, revolving credit agreement, agreement establishing a line of credit, letter of credit, reimbursement agreement, insurance...
- Texas Section 1371.002 - 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...
- Texas Section 1371.003 - Relationship To Other Law
(a) This chapter is wholly sufficient authority within itself for the issuance of obligations, the execution of a credit agreement, and the performance of the...
SUBCHAPTER B ISSUANCE AND APPROVAL OF OBLIGATION
- Texas Section 1371.004 - Effect Of Finding Or Determination Under Delegation Of Authority
A finding or determination made by an officer or employee acting under the authority delegated to the officer or employee under this chapter has the...
- Texas Section 1371.051 - Authority To Issue Obligation
As authorized and approved by the governing body of an issuer, the governing body may issue, sell, and deliver an obligation to: (1) finance a...
- Texas Section 1371.052 - Transportation Authority Obligation; Election
(a) A transportation authority created, organized, and operating under Chapter 452, Transportation Code, may not issue an obligation, other than a refunding obligation, that is...
- Texas Section 1371.0521 - Independent School District Obligation
An independent school district may not issue an obligation under this chapter unless the obligation is authorized in accordance with Section 45.003, Education Code. Added...
- Texas Section 1371.053 - Obligation Authorization
(a) A governing body must adopt or approve an obligation authorization before an obligation may be issued. (b) The obligation authorization must establish: (1) the...
- Texas Section 1371.054 - Rate Of Interest
(a) An obligation may bear no interest or bear interest at any rate or rates not to exceed the maximum net effective interest rate allowed...
- Texas Section 1371.055 - Execution Of Obligation
(a) An obligation may be executed, with or without a seal, with a manual or facsimile signature, as specified in the obligation authorization. (b) The...
- Texas Section 1371.056 - Authority To Enter Into And Execute Credit Agreements
(a) An issuer may execute and deliver any number of credit agreements in anticipation of, related to, or in connection with the authorization, issuance, security,...
- Texas Section 1371.057 - Review And Approval Of Obligation, Credit Agreement, And Contract By Attorney General
(a) Before an obligation may be issued or a credit agreement executed, a record of the proceedings of the issuer authorizing the issuance, execution, and...
- Texas Section 1371.058 - Registration
On receipt of the documents required by Section 1371.057(b), the comptroller shall register the record of the proceedings relating to the issuance of obligations or...
- Texas Section 1371.059 - Validity And Incontestability
(a) If proceedings to authorize an obligation or credit agreement are approved by the attorney general and registered by the comptroller, each obligation or credit...
- Texas Section 1371.060 - Refinancing, Renewal, Or Refunding Of Obligation Or Credit Agreement
An obligation, including accrued interest, or a credit agreement may from time to time be refinanced, renewed, or refunded by the issuance of another obligation...
SUBCHAPTER C FINANCIAL ASPECTS OF OBLIGATION
- Texas Section 1371.061 - Management Reports
(a) If a governing body authorizes an interest rate management agreement transaction, the governing body shall designate an officer of the issuer to monitor and...
- Texas Section 1371.101 - Obligation As Negotiable Instrument And Investment Security
An obligation is: (1) a negotiable instrument; and (2) an investment security to which Chapter 8, Business & Commerce Code, applies. Added by Acts 1999,...
- Texas Section 1371.102 - Use Of Certain Proceeds
(a) The proceeds from the sale of an obligation may be deposited or invested in any manner and in any obligation specified in the obligation...
- Texas Section 1371.103 - Security For Obligation
(a) An obligation must be secured solely by: (1) the proceeds from the sale of other obligations; (2) the proceeds from the sale of revenue...
- Texas Section 1371.104 - Source Of Repayment Of Obligation
An obligation must be repaid from: (1) a source of security for the payment of the obligation; (2) money received from a credit agreement; or...
- Texas Section 1371.105 - Pledge Or Lien On Resources, Assets, Or Fund Of Issuer
(a) A pledge or lien provided for in the resolution, order, ordinance, or other proceedings authorizing a public security, a credit agreement, or another agreement...
SUBCHAPTER D ADVISERS RETAINED FOR THE ISSUANCE OF PUBLIC SECURITIES AND RELATED MATTERS
- Texas Section 1371.106 - Pledge Of Or Lien On Sales Or Use Tax Revenue
This chapter does not affect a restriction imposed by Chapter 321, Tax Code, on a pledge of or lien on sales and use tax revenue....
- Texas Section 1371.151 - Definitions
In this subchapter: (1) "Advice" means the advice provided by an adviser regarding activities described by Sections 1371.154(b)(2)(A)-(C). (2) "Adviser" means a person who provides...
- Texas Section 1371.152 - Exemptions
This subchapter does not apply to: (1) an issuer who has more than $3 billion in outstanding obligations as of September 1, 2007, or to...
- Texas Section 1371.153 - Exemptions For Certain Advice
This subchapter does not apply to advice to an issuer regarding: (1) a loan or a line of credit by a depository institution to an...
- Texas Section 1371.154 - Financial Adviser Or Investment Adviser Qualifications And Requirements For Certain Agreements And Transactions
(a) This section applies to a financial adviser or an investment adviser who advises the issuer in connection with: (1) an interest rate management agreement;...
- Texas Section 1371.155 - Requirements
(a) An adviser, including an adviser that is not required to be registered under Section 1371.154(b)(1)(A), shall comply with the following with respect to all...
Last modified: September 28, 2016