1. (a) Each entity that issues a state security shall report to the board its security transactions.

2. (b) A report must:

   1. (1) be itemized;

   2. (2) state in dollars the information required by Subsection (c) or Sections 1231.082-1231.085 for money paid to each business and classify each of the businesses that money was paid to according to:

      1. (A) the race, ethnicity, and gender of the controlling ownership of each business; and
      2. (B) whether the business is domestic or foreign; and
   3. (3) be made in compliance with board rule.

3. (c) For any security transaction, the report must state each issuance cost, including the cost of:

   1. (1) bond counsel;
   2. (2) financial advisor;
   3. (3) rating agencies;
   4. (4) official statement preparation;
   5. (5) official statement printing;
   6. (6) bond printing;
   7. (7) paying agent or registrar;
   8. (8) escrow agent;
   9. (9) escrow verification agent;
   10. (10) trustee;
   11. (11) attorney general;
   12. (12) dealer fee;
   13. (13) remarketing fee; and
   14. (14) credit enhancement.

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