1204.002 – APPLICABILITY. (a) A provision of this chapter
Texas Government Code § 1204.002
Summary
This law establishes that certain provisions regarding the sale price and interest rates of public securities apply universally, overriding any conflicting laws or charters. It ensures consistency in the regulation of public securities across different jurisdictions in Texas.
Applies to all public securities regardless of conflicting laws.
Regulates sale price and maximum interest rates.
Excludes securities with specific interest rate conditions.
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In simple terms: Learn about Texas's APPLICABILITY. (a) A provision of this chapter 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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