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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to examination fees for the review and approval of public |
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| 7 | 7 | | securities and related proceedings and funding for victims |
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| 8 | 8 | | assistance and sexual assault prevention services. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 1202.004, Government Code, is amended to |
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| 11 | 11 | | read as follows: |
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| 12 | 12 | | Sec. 1202.004. FEE FOR EXAMINATION BY ATTORNEY GENERAL. |
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| 13 | 13 | | (a) When an issuer submits a record of proceedings to the attorney |
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| 14 | 14 | | general for examination and approval as provided by law, the issuer |
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| 15 | 15 | | shall pay a nonrefundable examination fee to the attorney general |
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| 16 | 16 | | in accordance with this section. |
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| 17 | 17 | | (b) If the issuer is issuing multiple series or subseries of |
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| 18 | 18 | | a single public security issue, the issuer shall pay the fee |
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| 19 | 19 | | prescribed by this section for each series or subseries. |
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| 20 | 20 | | (c) Except as provided by Subsection (d) and (e), the |
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| 21 | 21 | | nonrefundable examination fee required by this section is equal to |
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| 22 | 22 | | the lesser of: |
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| 23 | 23 | | (1) one-tenth of one percent of the principal amount |
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| 24 | 24 | | of the public security to which the record of proceedings relates; |
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| 25 | 25 | | or |
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| 26 | 26 | | (2) $50,000 [$9,500]. |
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| 27 | 27 | | (d) The minimum examination fee required by this section is |
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| 28 | 28 | | $750. |
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| 29 | 29 | | (e) If the issuer is a non-profit corporation, the |
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| 30 | 30 | | nonrefundable examination fee required by this section is equal to |
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| 31 | 31 | | one-fourth of one percent of the principal amount of the public |
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| 32 | 32 | | security to which the record of proceedings relates. |
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| 33 | 33 | | (f) The attorney general may adopt rules necessary to |
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| 34 | 34 | | administer this section. |
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| 35 | 35 | | (g) Fees collected by the attorney general under this |
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| 36 | 36 | | section shall be deposited in the state treasury and expended as |
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| 37 | 37 | | provided in the general appropriations act. Fees collected in |
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| 38 | 38 | | excess of amounts provided in the general appropriations act may be |
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| 39 | 39 | | appropriated back to the attorney general for the purpose of |
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| 40 | 40 | | administering victim related services and sexual assault programs. |
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| 41 | 41 | | SECTION 2. The changes in law made by this Act apply only to |
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| 42 | 42 | | a bond approval submitted to the attorney general on or after the |
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| 43 | 43 | | effective date of this Act. A bond approval submitted to the |
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| 44 | 44 | | attorney general before the effective date of this Act is govnerend |
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| 45 | 45 | | by the law in effect on the date the bond was submitted, and the |
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| 46 | 46 | | former law is continued in effect for that purpose. |
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| 47 | 47 | | SECTION 3. This Act takes effect on September 1, 2021. |
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