Tex. Government Code § 1371.152
EXEMPTIONS
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 1371.152, EXEMPTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660435
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Full text
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 a nonprofit corporation investing funds on behalf of such an issuer;
(2) a person acting as a financial adviser with respect to an issuance of public securities by an issuer created under Chapter 8503, Special District Local Laws Code, delivered before January 1, 2010, under a contract that was in effect on September 1, 2007, and that has not been modified since that date;
(3) an employee of an issuer providing advice to the issuer or to another issuer;
(4) a state agency:
(A) created by Section 49-b, Article III, Texas Constitution; or
(B) the head of which is an officer in the executive department under Section 1, Article IV, Texas Constitution; or
(5) a corporation created under Chapter 505, Local Government Code, by a municipality located in a county bordering the Rio Grande River.