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

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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

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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.