Texas § GV.1202.003 - REVIEW AND APPROVAL OF PUBLIC SECURITIES
Full text of Texas The Texas Constitution § GV.1202.003 — REVIEW AND APPROVAL OF PUBLIC SECURITIES, with citation guidance and answers to common questions.
§ GV.1202.003. REVIEW AND APPROVAL OF PUBLIC SECURITIES
REVIEW AND APPROVAL OF PUBLIC SECURITIES. (a) Before the issuance of a public security, the issuer shall submit the public security and the record of proceedings to the attorney general. (b) If the attorney general finds that the public security has been authorized to be issued in conformity with law, the attorney general shall: (1) approve the public security; and (2) deliver to the comptroller: (A) a copy of the attorney general's legal opinion stating that approval; and (B) the record of proceedings. (b-1) Notwithstanding Subsection (b), if Section 1372.037 (b) applies with respect to the issuance of qualified residential rental project bonds in a program year, the attorney general must certify the issuer's compliance with that subsection before approving the issuance of those bonds. A certification made under this subsection may be based solely on a written verification provided by the issuer on request of the attorney general. (c) Unless exempted by Section 1202.007 , the issuance of a public security except in compliance with this chapter is prohibited. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Amended by: Acts 2023, 88th Leg., R.S., Ch. 1006 (H.B. 1766 ), Sec. 1, eff. June 18, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1202.003
What does The Texas Constitution § GV.1202.003 cover?
Section GV.1202.003 ("REVIEW AND APPROVAL OF PUBLIC SECURITIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.1202.003?
A common citation format is "The Texas Constitution § GV.1202.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.1202.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.