1204.004 – COMPUTATION OF NET INTEREST COST. (a) In this
Texas Government Code § 1204.004
Summary
This law outlines how to calculate the net interest cost for public securities issued by a public agency in Texas. It defines key terms such as 'discount' and 'premium' to ensure clarity in financial transactions involving public securities.
Defines 'discount' and 'premium' for public securities.
Applies to public agencies issuing securities in Texas.
Establishes a framework for calculating net interest costs.
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In simple terms: Learn about Texas's COMPUTATION OF NET INTEREST COST. (a) In this 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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