Texas Government Code 1231.082 – Report of State Security Sold Competitively
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Terms Used In Texas Government Code 1231.082
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A report concerning a state security that is sold competitively must state:
(1) the components of the gross spread, including:
(A) gross takedown;
(B) expenses; and
(C) syndicate profit and loss;
(2) a summary of obligation orders and allotments by maturity, firm, and order type; and
(3) each syndicate firm’s gross takedown and share of syndicate profit or loss.