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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 1207.029: SELECTION OF PAYING AGENT.

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Where this section sits in the code
  1. GOVERNMENT CODE
  2. TITLE 9. PUBLIC SECURITIES
  3. SUBTITLE A. GENERAL PROVISIONS
  4. CHAPTER 1207. REFUNDING BONDS
  5. SUBCHAPTER B. ADVANCE REFUNDING PROCEDURES

If there is more than one paying agent for an obligation being refunded, the comptroller shall send the money directly to:

(1) the paying agent located in this state, if only one paying agent is located in this state;

(2) the paying agent located in this state having the largest capital and surplus, if more than one paying agent is located in this state; or

(3) the paying agent having the largest capital and surplus, if no paying agent is located in this state and more than one paying agent is located in another state.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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