Both the Lieutenant Governor and the Secretary of State in Texas

question 27

True/False

Both the lieutenant governor and the secretary of state in Texas have the authority to call a special session of the legislature.

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Definitions:

Call Provisions

Call provisions are clauses in bond contracts that allow the issuer the option to repay the bond before its maturity date under specific conditions.

Issuing Company

A company that offers its securities for sale to the public, typically through a stock exchange.

Market Interest Rates

The prevailing rates at which borrowers can obtain money from lenders in the market, influenced by supply and demand, inflation, and other economic factors.

High Interest Rate

An elevated level of interest rate which indicates the cost of borrowing money is high, often reflecting central bank policies or high inflation.