Tex. Gov't Code § 1201.029
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means, for purposes of determining whether the principal amount of the public securities that are issued exceeds the limitation, amounts produced by the initial purchaser through market pricing of the public securities when the public securities are resold by the initial purchaser are not considered proceeds of the issuer if the amounts constitute all or part of the compensation of the initial purchaser.
Tex. Gov't. Code § 1201.029