1 Texas Administrative Code § 53.41 – General Obligation Bond Elections The following are the minimum requirements for statutory compliance and documentary composition of transcripts prerequisite to approval of city, town, or county general obligation bond issues (1) Resolution, order, or ordinance calling bond election.(A) Minutes excerpt relative to call of election.(B) Findings: advisable to…

1 Texas Administrative Code § 53.22 – Interpretation These rules and the applicable laws may be interpreted from time to time by the issuance of All Bond Counsel Letters by the Public Finance Division pursuant to § RSA 402.044 of the Government Code. All substantive All Bond Counsel Letters from November 1987, and selected letters…

1 Texas Administrative Code § 53.21 – Waiver of Rules Subject to specific requirements set out in the Constitution of the State of Texas, applicable statutes, or applicable city charter, the rules for public securities promulgated herein may be waived by the Public Finance Division upon a showing of good cause.

1 Texas Administrative Code § 53.19 – Novel or Uncommon Characteristics or Transactions Issuers contemplating authorization, issue, and sale of public securities not specifically addressed in these rules or which contain novel or uncommon characteristics are encouraged to present preliminary plans to the Public Finance Division for review and comment before taking official action for…

1 Texas Administrative Code § 53.18 – Additional Showings If independent investigation or extrinsic evidence relating to any public securities proceedings indicates the need for other or additional showings by the issuer to satisfy any legal requirements precedent to the approval of such proceeding, approval of such proceedings and the issue subject thereof may be…

1 Texas Administrative Code § 53.17 – Examination Fees Section RSA 1202.004 of the Government Code sets out the fee amounts for submitting a public security and/or a record of proceedings to the Office of the Attorney General for examination and approval.

1 Texas Administrative Code § 53.16 – Submission and Approval of Transcripts (a) Submitting Attorney. A transcript must be submitted by an attorney licensed in Texas. (b) Submission Deadlines. An issuer must submit its record of proceedings at least 10 working days prior to closing for traditional financings, and at least 12 working days prior…

1 Texas Administrative Code § 53.15 – Compliance with State and Federal Election Laws When election proceedings are submitted as part of a record of proceedings, the general certificate shall include a certification confirming that the election was conducted in accordance with all applicable state and federal laws.

1 Texas Administrative Code § 53.14 – Elections (a) Types of Elections. Proceedings of the following elections must be submitted with the first transcript of proposed public securities utilizing the authority acquired through the election: (1) an election authorizing the issuance of public securities; (2) an election authorizing the levy or imposition of a tax…

1 Texas Administrative Code § 53.13 – Refunding Issues by Consent When refunded public securities are being redeemed by consent of the holders thereof, written evidence of such consent must be included in the transcript.