By: Goldman H.B. No. 4471
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to examination fees for the review and approval of public
  securities and related proceedings and funding for victims
  assistance and sexual assault prevention services.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1202.004, Government Code, is amended to
  read as follows:
         Sec. 1202.004.  FEE FOR EXAMINATION BY ATTORNEY GENERAL.
  (a)  When an issuer submits a record of proceedings to the attorney
  general for examination and approval as provided by law, the issuer
  shall pay a nonrefundable examination fee to the attorney general
  in accordance with this section.
         (b)  If the issuer is issuing multiple series or subseries of
  a single public security issue, the issuer shall pay the fee
  prescribed by this section for each series or subseries.
         (c)  Except as provided by Subsection (d) and (e), the
  nonrefundable examination fee required by this section is equal to
  the lesser of:
               (1)  one-tenth of one percent of the principal amount
  of the public security to which the record of proceedings relates;
  or
               (2)  $50,000 [$9,500].
         (d)  The minimum examination fee required by this section is
  $750.
         (e)  If the issuer is a non-profit corporation, the
  nonrefundable examination fee required by this section is equal to
  one-fourth of one percent of the principal amount of the public
  security to which the record of proceedings relates.
         (f)  The attorney general may adopt rules necessary to
  administer this section.
         (g)  Fees collected by the attorney general under this
  section shall be deposited in the state treasury and expended as
  provided in the general appropriations act. Fees collected in
  excess of amounts provided in the general appropriations act may be
  appropriated back to the attorney general for the purpose of
  administering victim related services and sexual assault programs. 
         SECTION 2.  The changes in law made by this Act apply only to
  a bond approval submitted to the attorney general on or after the
  effective date of this Act. A bond approval submitted to the
  attorney general before the effective date of this Act is govnerend
  by the law in effect on the date the bond was submitted, and the
  former law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect on September 1, 2021.