Texas § GV.2274.003 - CERTAIN CONTRACTS EXEMPTED
Full text of Texas The Texas Constitution § GV.2274.003 — CERTAIN CONTRACTS EXEMPTED, with citation guidance and answers to common questions.
§ GV.2274.003. CERTAIN CONTRACTS EXEMPTED
CERTAIN CONTRACTS EXEMPTED. (a) A contract entered into in connection with or relating to the issuance, sale, or delivery of notes under Subchapter H , Chapter 404 , or the administration of matters related to the notes, including the investment of note proceeds, is exempt from this chapter if, in the comptroller's sole discretion, the comptroller determines that compliance with Section 2274.002 is likely to prevent: (1) an issuance, sale, or delivery that is sufficient to address the general revenue cash flow shortfall forecast; or (2) the administration of matters related to the notes. (b) Before making a determination under Subsection (a), the comptroller must: (1) survey potential respondents or bidders to a solicitation for a contract described by Subsection (a) to determine the number of qualified potential respondents or bidders that are able to provide the written verification required by Section 2274.002 ; and (2) evaluate the historical bidding performance of qualified potential bidders. Added by Acts 2021, 87th Leg., R.S., Ch. 530 (S.B. 19 ), Sec. 1, eff. September 1, 2021.
Frequently Asked Questions About Texas § GV.2274.003
What does The Texas Constitution § GV.2274.003 cover?
Section GV.2274.003 ("CERTAIN CONTRACTS EXEMPTED") 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.2274.003?
A common citation format is "The Texas Constitution § GV.2274.003" (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.2274.003 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.