Bill Text: TX HB719 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 719

Introduced

Bill Title: Relating to the examination fee imposed by the attorney general for the examination of a record of proceedings for the issuance of public securities and the uses of revenue from that fee; increasing a fee.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-02-28 - Referred to Pensions, Investments & Financial Services [HB719 Detail]

Download: Texas-2023-HB719-Introduced.html



	By: Goldman	H.B. No. 719



	A BILL TO BE ENTITLED
	AN ACT
	relating to the examination fee imposed by the attorney general for
	the examination of a record of proceedings for the issuance of
	public securities and the uses of revenue from that fee; increasing
	a fee.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 1202.004, Government Code, is amended by
	amending Subsection (c) and adding Subsection (f) to read as
	follows.
	(c) Except as provided by Subsection (d), the nonrefundable
	examination fee required by this section is equal to the lesser of:
	(1) one-tenth of one percent of the principal amount
	of the public security to which the record of proceedings relates;
	or
	(2) $50,000 [~~$9,500~~].
	(f) The revenue attributable to fees collected under this
	section during a state fiscal biennium that is not otherwise
	appropriated in the General Appropriations Act for that state
	fiscal biennium may be appropriated to the attorney general only
	for the purpose of administering victim-related services and sexual
	assault programs.
	SECTION 2. The changes in law made by this Act apply only to
	a record of proceedings submitted to the attorney general on or
	after the effective date of this Act. A record of proceedings
	submitted to the attorney general before the effective date of this
	Act is governed by the law in effect on the date the record was
	submitted, and the former law is continued in effect for that
	purpose.
	SECTION 3. This Act takes effect September 1, 2023.