Texas § GV.1371.152 - EXEMPTIONS
Full text of Texas The Texas Constitution § GV.1371.152 — EXEMPTIONS, with citation guidance and answers to common questions.
§ GV.1371.152. EXEMPTIONS
EXEMPTIONS. This subchapter does not apply to: (1) an issuer who has more than $3 billion in outstanding obligations as of September 1, 2007, or to a nonprofit corporation investing funds on behalf of such an issuer; (2) a person acting as a financial adviser with respect to an issuance of public securities by an issuer created under Chapter 8503 , Special District Local Laws Code, delivered before January 1, 2010, under a contract that was in effect on September 1, 2007, and that has not been modified since that date; (3) an employee of an issuer providing advice to the issuer or to another issuer; (4) a state agency: (A) created by Section 49-b , Article III, Texas Constitution; or (B) the head of which is an officer in the executive department under Section 1 , Article IV, Texas Constitution; or (5) a corporation created under Chapter 505 , Local Government Code, by a municipality located in a county bordering the Rio Grande River. Added by Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332 ), Sec. 7, eff. September 1, 2007. Amended by: Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969 ), Sec. 11.015, eff. September 1, 2009.
Frequently Asked Questions About Texas § GV.1371.152
What does The Texas Constitution § GV.1371.152 cover?
Section GV.1371.152 ("EXEMPTIONS") 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.1371.152?
A common citation format is "The Texas Constitution § GV.1371.152" (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.1371.152 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.