All state bond issuers whose bonds are subject to review by the board must file a report no later than September 15 of each year with the bond finance office to include:

1. (1) the investment status of all unspent state bond proceeds (i.e., the amount of proceeds, name of institution, type of investment program or instrument, maturity and interest rate);
2. (2) an explanation of any change during the fiscal year previous to the deadline for this report, in the debt retirement schedule for any outstanding bond issue (e.g., exercise of redemption provision, conversion from short term to long term bonds, etc.); and
3. (3) a description of any bond issue expected during the fiscal year, including type of issue, estimated amount, and expected month of sale.

Source Note:The provisions of this §181.10 adopted to be effective August 10, 1988, 13 TexReg 3755.