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

1. (1) the investment status of all unspent state security 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 state security issue (e.g. exercise of redemption provision, conversion from short-term to long-term securities, etc.);
3. (3) a description of any state security issues expected during the fiscal year, including type of issue, estimated amount, and expected month of sale; and
4. (4) a list of all state security issues outstanding and corresponding debt service schedules for all bonds outstanding in a digital and hard copy format.

Source Note:The provisions of this §181.10 adopted to be effective August 10, 1988, 13 TexReg 3755; amended to be effective February 27, 2002, 27 TexReg 1335.