1201.025 – RATE OF INTEREST. (a) An interest rate on a
Texas Government Code § 1201.025
Summary
This law outlines how interest rates on public securities can be set, allowing for various methods such as fixed or variable rates. It affects issuers of public securities who must establish the interest rate or rely on a predetermined formula if not specified.
Interest rates can be fixed, variable, or adjustable.
If unspecified, rates are determined by a formula.
Applies to issuers of public securities in Texas.
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In simple terms: Learn about Texas's RATE OF INTEREST. (a) An interest rate on a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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