| (a) Within 60 days after the delivery of the state securities and receipt of the state security proceeds, the issuer shall submit one original of a final report in the form required by the bond finance office. (1) For state securities issued in the form of lease purchases, the reporting requirements of subsection (b) of this section shall be applicable. (2) For state securities issued in the form of commercial paper notes, the reporting requirements of subsection (c) of this section shall be applicable. (3) A final report for state securities, other than lease-purchases and commercial paper, must include: (A) all actual costs of issuance as well as the underwriting spread for competitive financings, the private placement fee for private placements, all closing costs, and any other costs incurred during the issuance process; (B) a complete bond transcript, including the preliminary official statement and the final official statement, private placement memorandum, if applicable, or any other offering documents as well as all other executed documents pertaining to the issuance of the state security. (4) Issuers of state securities that have entered into interest rate management agreements relating to the securities shall provide to the bond finance office in electronic form, as applicable, a copy of all schedules to the Master Agreement and/or the Credit Support Annex including transaction confirmations. (b) Within 90 days after the signing of a lease purchase the purchaser shall submit an original lease purchase final report to the bond finance office. A final report for lease purchases must include a detailed explanation of the terms of the lease-purchase agreement, including but not limited to, amount of purchase, trade-in allowance, interest charges, service contracts, remaining draw amount if applicable, and a final or estimated amortization as applicable. (c) In lieu of the reporting requirements of subsection (a) of this section, an issuer of state securities issued in the form of commercial paper notes shall submit a report to the bond finance office pursuant to §181.10(c) of this title so long as the issuer has authority to issue commercial paper under the program proceedings approved by the Board or exempt from approval pursuant to §181.9 of this title. |
| Source Note: The provisions of this §181.5 adopted to be effective August 10, 1988, 13 TexReg 3755; amended to be effective June 26, 1989, 14 TexReg 2901; amended to be effective February 27, 2002, 27 TexReg 1335; amended to be effective June 30, 2004, 29 TexReg 6125; amended to be effective April 9, 2008, 33 TexReg 2828; amended to be effective August 22, 2010, 35 TexReg 7077 |
