Tex. Gov't Code Section 1207.028
Comptroller to Send and Record Deposit or Payment

(a)

After receipt of a deposit or payment under this subchapter, the comptroller shall immediately and by the most expeditious means send to the paying agent for the obligation being refunded an amount equal to the deposit or payment less the amount of any fee charged under Section 1207.032 (Comptroller Fees).

(b)

The comptroller shall notify the paying agent to send to the comptroller the obligation being refunded.

(c)

After the comptroller has made a record of its payment and cancellation, the comptroller shall send the obligation being refunded and any interest coupon to the issuer.

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

Source: Section 1207.028 — Comptroller to Send and Record Deposit or Payment, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1207.htm#1207.028 (accessed Jun. 5, 2024).

1207.001
Definitions 1207.002
Authority to Issue 1207.003
Election 1207.004
Combination Issuance 1207.005
Sources Available for Payment 1207.006
Maturity 1207.007
Delegation of Authority 1207.008
Limitation 1207.021
Authority to Deposit with Comptroller 1207.022
Limitation 1207.023
Amount of Principal 1207.024
Methods and Terms of Sale 1207.025
Registration Before Deposit 1207.026
Use of Sale Proceeds to Make Deposit 1207.027
Comptroller to Accept and Keep Safe Deposits 1207.028
Comptroller to Send and Record Deposit or Payment 1207.029
Selection of Paying Agent 1207.030
Establishment and Use of Trust Fund 1207.031
Withdrawal of Deposit 1207.032
Comptroller Fees 1207.033
Discharge 1207.034
Right to Demand or Receive Early Payment 1207.035
Conflict or Inconsistency with Other Laws 1207.061
Authority to Deposit Directly 1207.062
Escrow Agreement 1207.063
Duty to Comply 1207.064
Incontestability of Certain Escrow Agreements and Contracts 1207.081
Issuance in Exchange for Obligation to Be Refunded 1207.082
Limitation on Authority to Partially Refund 1207.083
Other Powers of Issuer 1207.084
Conflict or Inconsistency with Other Laws 1207.0621
Sources Available for Payment

Accessed:
Jun. 5, 2024

§ 1207.028’s source at texas.gov

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Texas runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral & Information Service (LRIS)

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://texas.public.law/statutes/tex._gov't_code_section_1207.028

Original Source: Section 1207.028 — Comptroller to Send and Record Deposit or Payment, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1207.htm#1207.028 (last accessed Jun. 5, 2024).