Sec. 1231.083. REPORT OF STATE SECURITY SOLD THROUGH NEGOTIATION. A report concerning a state security sold through negotiation must state:
(1) the components of the spread, including:
(A) management fee;
(B) structuring fee;
(C) underwriting risk;
(D) takedown; and
(E) spread expenses;
(2) each firm's share of underwriting risk;
(3) the underwriter's counsel;
(4) a summary of obligation orders and allotments by maturity, firm, and order type; and
(5) each syndicate firm's share of management fee, structuring fee, underwriting risk fee, and takedown.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
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