80th Texas Legislature, Regular Session, Senate Bill 1332, Chapter 991 Page: 2 of 14
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S.B. No. 1332
1 transaction, for a transaction similar to those types of
2 transactions, or for a combination of any of those types of
3 transactions. The term includes:
4 (A) a master agreement that provides standard
5 terms for transactions;
6 (B) an agreement to transfer collateral as
7 security for transactions; and
8 (C) a confirmation of transactions.
9 SECTION 3. Subdivision (2), Section 1231.001, Government
10 Code, is amended to read as follows:
11 (2) "State security" means:
12 (A) an obligation, including a bond, issued by:
13 (i) a state agency;
14 (ii) an entity that is expressly created by
15 statute and has statewide jurisdiction; or
16 (iii) an entity issuing the obligation on
17 behalf of this state or on behalf of an entity described by
18 Subparagraph (i) or (ii); [ee]
19 (B) an installment sale or lease-purchase
20 obligation that is issued by or on behalf of an entity described by
21 Paragraph (A) and that has:
22 (i) a stated term of more than five years;
23 or
24 (ii) an initial principal amount of more
25 than $250,000; or
26 (C) an obligation, including a bond, that is
27 issued under Chapter 53, Education Code, at the request of or for2
i
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Texas. Legislature. Senate. 80th Texas Legislature, Regular Session, Senate Bill 1332, Chapter 991, legislative document, June 15, 2007; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth155654/m1/2/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.