- (a) An issuer intending to issue state bonds shall submit a written notice to the bond finance office no later than three weeks prior to the date requested for board consideration. The director of the bond finance office shall forward one copy of the notice to each member of the board. Prospective issuers are encouraged to file the notice of intention as early in the issuance planning stage as possible. The notice is for information purposes only, to facilitate the scheduling of board review activities.
(b) A notice of intention to issue under this section shall include:
- (1) a brief description of the proposed issuance including, but not limited to, the purpose, the tentative amount, and a brief outline of the proposed terms;
- (2) the proposed timing of the issuance with a tentative date of sale and a tentative date for closing;
- (3) a request to have the bond issue scheduled for consideration by the board during a specified monthly meeting; and
- (4) an agreement to submit the required application set forth herein in §181.3 of this title (relating to Application for Board Approval of State Bond Issuance) no later than the first Tuesday of the month in which the applicant requests board consideration.
- (c) An issuer may reschedule the date requested for board consideration of the state bonds by submitting an amended notice of intention at any time prior to the application date in the same manner as provided in this section.
- (d) The requested date for board consideration shall be granted whenever possible; however, if it becomes necessary in the board's discretion to change the date of the board meeting for consideration of the proposed issuance of state bonds, written notice of such change shall be sent to the issuer as soon as possible. Priority scheduling for consideration at board meetings shall be given to refunding issues and to those state bonds which also require a submission to the Bond Review Board to obtain a private activity bond allocation.
Source Note:The provisions of this §181.2 adopted to be effective August 10, 1988, 13 TexReg 3755; amended to be effective October 11, 1994, 19 TexReg 7711.