1372.042 – DEADLINE FOR CLOSING ON BONDS BY ISSUER. (a)
Texas Government Code § 1372.042
Summary
This law establishes a deadline for certain bond issuers to close on their bonds, specifically requiring them to do so within 150 days of the reservation date. It applies to various issuers, excluding those involved with specific types of bonds like residential rental project bonds or state-voted issues.
Issuers must close on bonds within 150 days of reservation.
Excludes certain bond types like student loan and mortgage bonds.
Affects various bond issuers, not including qualified nonprofits.
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In simple terms: Learn about Texas's DEADLINE FOR CLOSING ON BONDS BY ISSUER. (a) 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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