La División de Finanzas Públicas revisa todo trámite para la emisión de instrumentos de financiamiento, tales como bonos financiero, deudas públicas y otras obligaciones de deuda similares emitidas por agencias del estado, municipios, condados, distritos escolares, distritos de servicios municipales, distritos de hospitales, institutos de educación superior, y toda otra entidad gubernamental u organismos del estado, y adicionalmente por ciertas corporaciones sin fines de lucro que hayan sido creadas para actuar en nombre de subdivisiones políticas. De acuerdo con la ley, si la Procuraduría General ha determinado que los instrumentos de financiación han sido autorizados en conformidad con la ley, la Procuraduría General los aprobará.
The fee is equal to one-tenth of one percent of the principal amount of the public security to which the record of proceedings relates, or $9,500, whichever is less; provided the fee shall not be less than $750. Tex. Gov’t Code § 1202.004.
Transcripts for traditional bonds must be submitted to the Public Finance Division ten business days before closing. Transcripts for nonprofit corporations and for conduit bonds need to be submitted twelve business days before closing. For calculation of deadlines, please refer to 1 Tex. Admin. Code §53.16(j).
Substantially complete initial bonds are due at least five business days before the closing date. 1 Tex. Admin. Code §53.16(c).
In general, preliminary approval letters are sent five business days before the closing date, provided the transcript was submitted in substantially final form. 1 Tex. Administrative Code §53.16(d)
If all requirements are met, bonds and opinions will be released two business days before the closing date. For bonds being purchased by the Texas Water Development Board, bonds and opinions will be released five business days prior to closing.
If your transcript has already been submitted and assigned to a reviewing attorney, you may contact that attorney directly. If your bond transaction has not yet been submitted, you may call the Public Finance Division main line at 512-475-2929, and your call will be transferred to the attorney on call.
Please provide a table of contents and tabs to separate the contents of the bond transcript. The tabs should be in sequential order. A bond transcript is to be submitted in an expanding file folder. Transcript page size is not to exceed 8.5 by 11 inches and each line shall be legible. Documents such as maps should be folded to fit the 8.5 by 11- inch requirement. Texas Administrative Code §53.2.
These requirements are listed in Rule §53.3 and §53.16 of the Texas Administrative Code. These rules are accessible through Title 1: Administration/Part 3: Office of the Attorney General/Chapter 53: Municipal Securities/Subchapter A: Approval of Municipal Securities by Attorney General/Rule §53.3: Content of Transcripts and §53.16: Submission and Approval of Transcripts. See also Subchapter A of the Texas Administrative Code, in general.