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Senate Bill 495 |
Senate Author: Williams |
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Effective: 9-1-05 |
House Sponsor: Turner |
Senate Bill 495 amends provisions of the Government Code relating to the fee paid to the attorney general for examining the record of proceedings authorizing the issuance of a public security or related credit agreement. The bill deletes language setting prescribed examination fees, provides that the fee is equal to the lesser of one-tenth of one percent of the principal amount of the public security to which the record of proceedings relates or $9,500, and sets the minimum examination fee at $750. The bill also revises the definition of "record of proceedings" and adds a definition of "credit agreement" for purposes of the examination and registration of public securities.