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I'm not sure what I'm supposed to get out of this article. The only entities that identifies as being harmed by the new law are... mega-corp banks. I'm supposed
by puffoflogic 4y ago
I'm not sure what I'm supposed to get out of this article. The only entities that identifies as being harmed by the new law are... mega-corp banks. I'm supposed to feel sorry for banks now? Excuse me?
- klyrs 4y agohttps://capitol.texas.gov/tlodocs/87R/billtext/html/SB00019F.htm https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00019F... Sec. 2274.002. PROVISION REQUIRED IN CONTRACT. (a) This section applies only to a contract that: (1) is between a governmental entity and a company with at least 10 full-time employees; and (2) has a value of at least $100,000 that is paid wholly or partly from public funds of the governmental entity. Not just megacorp banks. In fact, it appears that megacorp banks might be exempt from this: Sec. 2274.003. CERTAIN CONTRACTS EXEMPTED. (a) A contract entered into in connection with or relating to the issuance, sale, or delivery of notes under Subchapter H, Chapter 404, or the administration of matters related to the notes, including the investment of note proceeds, is exempt from this chapter if, in the comptroller's sole discretion, the comptroller determines that compliance with Section 2274.002 is likely to prevent...