To obtain the approval of the board to issue a state security, a state agency or other entity must:

1. (1) apply to the board, in the manner prescribed by the board; and
2. (2) file with the application any information, including documents, required by the board.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.