Tex. Gov't Code Section 1371.152
Exemptions

This subchapter does not apply to:

(1)

an issuer who has more than $3 billion in outstanding obligations as of September 1, 2007, or to a nonprofit corporation investing funds on behalf of such an issuer;

(2)

a person acting as a financial adviser with respect to an issuance of public securities by an issuer created under Chapter 8503 (Lower Colorado River Authority), Special District Local Laws Code, delivered before January 1, 2010, under a contract that was in effect on September 1, 2007, and that has not been modified since that date;

(3)

an employee of an issuer providing advice to the issuer or to another issuer;

(4)

a state agency:

(A)

created by Section 49-b, Article III, Texas Constitution; or

(B)

the head of which is an officer in the executive department under Section 1, Article IV, Texas Constitution; or

(5)

a corporation created under Chapter 505 (Type B Corporations), Local Government Code, by a municipality located in a county bordering the Rio Grande River.
Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332), Sec. 7, eff. September 1, 2007.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 11.015, eff. September 1, 2009.

Source: Section 1371.152 — Exemptions, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­1371.­htm#1371.­152 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 1371.152’s source at texas​.gov