| (a) Within 60 days after the delivery of the state
securities and receipt of the state security proceeds, the issuer
shall submit one electronic copy or one original of a final report
in the form required by the bond finance office.
(1) For state securities issued in the form of lease
purchases, the reporting requirements of subsection (b) of this section
shall be applicable.
(2) For state securities issued in the form of commercial
paper notes, the reporting requirements of subsection (c) of this
section shall be applicable.
(3) A final report for state securities, other than
lease-purchases and commercial paper, must include, but is not limited
to:
(A) all actual costs of issuance as well as the underwriting
spread for competitive financings, the private placement fee for private
placements, all closing costs, and any other costs incurred during
the issuance process;
(B) a complete bond transcript, including the preliminary
official statement and the final official statement, private placement
memorandum, if applicable, or any other offering documents as well
as all other executed documents pertaining to the issuance of the
state security.
(4) Issuers of state securities that have entered into
interest rate management agreements relating to the securities shall
provide to the bond finance office in electronic form, as applicable,
a copy of all schedules to the Master Agreement and/or the Credit
Support Annex including transaction confirmations.
(b) Within 90 days after the signing of a lease purchase,
the purchaser shall submit an original or electronic copy of the lease
purchase final report to the bond finance office. A final report for
lease purchases must include a detailed explanation of the terms of
the lease-purchase agreement, including but not limited to, amount
of purchase, trade-in allowance, interest charges, service contracts,
remaining draw amount if applicable, and a final or estimated amortization
as applicable.
(c) In lieu of the reporting requirements of subsection
(a) of this section, an issuer of state securities issued in the form
of commercial paper notes shall submit a report to the bond finance
office pursuant to §181.10(c) of this title (relating to State
Debt Issuer Reports) so long as the issuer has authority to issue
commercial paper under the program proceedings approved by the Board
or exempt from approval pursuant to §181.9 of this title (relating
to State Exemptions).
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| Source Note: The provisions of this §181.5 adopted to be effective August 10, 1988, 13 TexReg 3755; amended to be effective June 26, 1989, 14 TexReg 2901; amended to be effective February 27, 2002, 27 TexReg 1335; amended to be effective June 30, 2004, 29 TexReg 6125; amended to be effective April 9, 2008, 33 TexReg 2828; amended to be effective August 22, 2010, 35 TexReg 7077; amended to be effective December 2, 2019, 44 TexReg 7398; amended to be effective October 13, 2021, 46 TexReg 6946 |
