A report concerning a state security sold through negotiation must state:

1. (1) the components of the spread, including:

   1. (A) management fee;
   2. (B) structuring fee;
   3. (C) underwriting risk;
   4. (D) takedown; and
   5. (E) spread expenses;
2. (2) each firm's share of underwriting risk;
3. (3) the underwriter's counsel;
4. (4) a summary of obligation orders and allotments by maturity, firm, and order type; and
5. (5) each syndicate firm's share of management fee, structuring fee, underwriting risk fee, and takedown.

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