1207.082 – LIMITATION ON AUTHORITY TO PARTIALLY REFUND. An
Texas Government Code § 1207.082
Summary
This law restricts issuers from partially refunding bonds unless they can prove to the attorney general that they have sufficient resources to pay the remaining obligations. It ensures financial responsibility and protects bondholders by requiring a demonstration of adequate funds before proceeding with a partial refund.
Issuers must prove financial capability to the attorney general.
Partial refunds are allowed only under specific conditions.
Protects bondholders by ensuring payment obligations are met.
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In simple terms: Learn about Texas's LIMITATION ON AUTHORITY TO PARTIALLY REFUND. An 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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