The State Securities Board, pursuant to the Texas Securities Act, §4005.024, exempts from the securities registration requirements of the Act, securities issued pursuant to the Development Corporation Act, Texas Local Government Code, Title 12, Subtitle C1.

Source Note: The provisions of this §135.1 adopted to be effective November 7, 1999, 24 TexReg 9609; amended to be effective April 3, 2012, 37 TexReg 2167; amended to be effective April 7, 2024, 49 TexReg2067