1 Texas Administrative Code § 53.81 – Applicable Statute The provisions of Texas Civil Statutes, Article 709-716, shall be fully applicable to certificates reviewed by the attorney general.

1 Texas Administrative Code § 53.80 – Limitation of Payment for Certificates Payable from Revenues Other Than Taxes Certificates, and any interest coupons attached thereto, payable solely from revenues other than taxes shall have printed on their faces a statement to the effect that the holder of said obligation shall never have the right to…

1 Texas Administrative Code § 53.79 – Certificates Payable from Revenues Other Than Taxes Certificates payable solely from revenues other than taxes shall not be considered debt with the meaning of Article XI, §5 and §7, of the Constitution of Texas.

1 Texas Administrative Code § 53.78 – Approval of Certificates Certificates will be approved under Texas Civil Statutes, Article 2368a.1, §7(8), where their amount is not in excess of 25% of those current funds or bond funds committed to the project, and such certificates are necessary in order to provide for deficiency to enable contract…

1 Texas Administrative Code § 53.77 – Emergency Approval Certificates will be approved under Texas Civil Statutes, Article 2368a.1, §7(1), (2), and (3), in cases of true emergency only. An emergency must involve a public calamity, a present danger, or unforeseen damage.

1 Texas Administrative Code § 53.76 – Refunding of Certificates in Exchange for Services or Property No refunding of certificates delivered in exchange for services or property will be approved unless said certificates are authorized and issued in substantial compliance with statutory authority and full compliance with any applicable constitutional provisions.

1 Texas Administrative Code § 53.75 – Certificates in Exchange for Services or Property Certificates delivered in exchange for services or property that are being refunded pursuant to any law requiring approval of the attorney general and registration by the Comptroller of Public Accounts of said refunding obligations shall be documented and submitted for review…

1 Texas Administrative Code § 53.74 – Approval and Registration of Cash Sales Only certificates sold for cash will be subject to approval by the attorney general and registration by the Comptroller of Public Accounts.

1 Texas Administrative Code § 53.73 – No Cash Sale Notice No notice to bidders pursuant to section 5 is required when certificates are sold for cash.

1 Texas Administrative Code § 53.72 – Increases in Original Contract Price No original contract price may be increased by more than 25% (regardless of the intended source of funds to provide for such increase), nor shall any original contract be decreased by more than 25% without the consent of the contractor to such decrease.