{"data":{"id":"us-tx/tex.-government-code-1201.029","jurisdiction":"us-tx","citation":"Tex. Government Code § 1201.029","heading":"COMMISSIONS NOT TO BE PAID FROM PRINCIPAL.","body":"In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means, for purposes of determining whether the principal amount of the public securities that are issued exceeds the limitation, amounts produced by the initial purchaser through market pricing of the public securities when the public securities are resold by the initial purchaser are not considered proceeds of the issuer if the amounts constitute all or part of the compensation of the initial purchaser.\nAdded by Acts 2003, 78th Leg., ch. 1193, Sec. 1, eff. June 20, 2003.","path":["GOVERNMENT CODE","TITLE 9. PUBLIC SECURITIES","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 1201. PUBLIC SECURITY PROCEDURES ACT","SUBCHAPTER B. ISSUANCE AND APPROVAL OF PUBLIC SECURITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1201.htm#1201.029","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"9e70c2d64c6daed0bc9d0116c4099369d9e9bc51abe5792317f017af72325dbf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-1201.028","next":"us-tx/tex.-government-code-1201.041"},"notice":"GroundRules: Original legal text. Not legal advice."}