1232.115 – EXPENSES INCLUDED IN PRINCIPAL AMOUNT. (a) The
Texas Government Code § 1232.115
Summary
This law allows the principal amount of certain financial obligations to include various expenses such as reserve funds and administrative costs. It primarily affects authorities issuing obligations for financing purposes, particularly in relation to computer equipment purchases.
Includes reserve funds and administrative costs in principal amount.
Applies to obligations for financing computer equipment.
Ensures comprehensive coverage of issuance-related expenses.
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In simple terms: Learn about Texas's EXPENSES INCLUDED IN PRINCIPAL AMOUNT. (a) The 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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