1201.043 – USE OF INVESTMENT INCOME. An issuer authorized
Texas Government Code § 1201.043
Summary
This law allows issuers of public securities in Texas to utilize the income generated from investments made with the proceeds of those securities. It ensures that the investment income can be used for the intended purpose of the original public security issuance.
Permits use of investment income from public security proceeds.
Income must be used for the purpose of the original issuance.
Applies to issuers authorized to invest public security proceeds.
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In simple terms: Learn about Texas's USE OF INVESTMENT INCOME. An issuer authorized 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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