Tex. Government Code § 1231.083
REPORT OF STATE SECURITY SOLD THROUGH NEGOTIATION
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 1231.083, REPORT OF STATE SECURITY SOLD THROUGH NEGOTIATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660283
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Full text
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) underwriting risk;
(D) takedown; and
(E) spread expenses;
(2) each firm's share of underwriting risk;
(3) the underwriter's counsel;
(4) a summary of obligation orders and allotments by maturity, firm, and order type; and
(5) each syndicate firm's share of management fee, structuring fee, underwriting risk fee, and takedown.