Texas Required Governmental Forms of Assignment

State:
Multi-State
Control #:
US-OG-510
Format:
Word; 
Rich Text
Instant download

Description

This provision provides for the separate assignments of certain of the Interests may be executed on officially approved forms by assignor to assignee, in sufficient counterparts to satisfy applicable statutory and regulatory requirements.

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FAQ

§49.5. (a) A contract assignment must be made as part of an ownership change, a change in tax status, or a transfer from one legal entity to another through a legal process. No assignment is effective until approved, in writing, by the Texas Department of Human Services (DHS).

Section 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.

152 and 2252.153, Texas Government Code: Sec. 2252.152. CONTRACTS WITH COMPANIES ENGAGED IN BUSINESS WITH IRAN, SUDAN, OR FOREIGN TERRORIST ORGANIZATION PROHIBITED.

Additionally, Section 2252.907 of our Government Code requires a contract between a state governmental entity and a nongovernmental contractor involving the exchange or creation of public information to contain a provision requiring the contractor to make information not otherwise excepted from disclosure under TPIA ...

It prohibits a governmental entity or state agency from entering into certain contracts with a business entity unless the business entity submits a disclosure of interested parties (i.e., discloses persons with a financial or business interest in the contract). TEX. GOV'T CODE § 2252.908(d).

(a) Each state agency employee or official who is involved in procurement or in contract management for a state agency shall disclose to the agency any potential conflict of interest specified by state law or agency policy that is known by the employee or official with respect to any contract with a private vendor or ...

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Texas Required Governmental Forms of Assignment