Environmental Matters for Transcontinental_Realty

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TCI » Topics » Environmental Matters

This excerpt taken from the TCI 10-Q filed May 15, 2009.

Environmental Matters

Under various federal, state and local environmental laws, ordinances and regulations, the Company may be potentially liable for removal or remediation costs, as well as certain other potential costs, relating to hazardous or toxic substances (including governmental fines and injuries to persons and property) where property-level managers have arranged for the removal, disposal or treatment of hazardous or toxic substances. In addition, certain environmental laws impose liability for release of asbestos-containing materials into the air, and third parties may seek recovery for personal injury associated with such materials.

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

At March 31, 2009, TCI’s exposure to a change in interest rates on its debt is as follows (dollars in thousands except per share):


	Balance		Weighted Average Interest Rate	Effect of 1% Increase In Base Rates

Notes payable:
Variable rate	$	321,428	5.63%	$	3,214

Total decrease in TCI’s annual net income					3,214

Per share				$	0.396

ITEM 4T.

CONTROLS AND PROCEDURES

(a)

As of the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Principal Executive Officer and Chief Financial Officer per the Company’s disclosure controls and procedures pursuant to Exchange Act Rules 13a-15 and 15d-15. Based upon that evaluation, the Company’s Principal Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the Company (including its consolidated subsidiaries) required to be included in the Company’s periodic SEC filings.

(b)	There have been no changes in the Company’s internal controls over financial reporting during the quarter ended March 31, 2009 that have materially affected or are reasonably likely to materially affect the Company’s internal controls over financial reporting.

This excerpt taken from the TCI 10-K filed Mar 31, 2009.

Environmental Matters

Under various federal, state and local environmental laws, ordinances and regulations, TCI may be potentially liable for removal or remediation costs, as well as certain other potential costs, relating to hazardous or toxic substances (including governmental fines and injuries to persons and property) where property-level managers have arranged for the removal, disposal or treatment of hazardous or toxic substances. In addition, certain environmental laws impose liability for release of asbestos-containing materials into the air, and third parties may seek recovery for personal injury associated with such materials.

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

This excerpt taken from the TCI 10-Q filed Nov 14, 2008.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

At September 30, 2008, TCI’s exposure to a change in interest rates on its debt is as follows (dollars in thousands except per share):


	Balance		Weighted Average Interest Rate		Effect of 1% Increase in Base Rates
Notes payable:
Variable rate	$	304,131	6.73	%

Total decrease in TCI’s annual net income					$	3,041

Per share					$	0.38

ITEM 4T.

CONTROLS AND PROCEDURES

(a)

(b)	There have been no changes in the Company’s internal controls over financial reporting during the quarter ended September 30, 2008, that have materially affected or are reasonably likely to materially affect the Company’s internal controls over financial reporting.

This excerpt taken from the TCI 10-Q filed Aug 14, 2008.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

At June 30, 2008, TCI’s exposure to a change in interest rates on its debt is as follows:


	Balance		Weighted Average Interest Rate	Effect of 1% Increase in Base Rates
Notes payable:
Variable rate	$	281,825	6.03%

Total decrease in TCI’s annual net income				$	2,818

Per share					0.35

ITEM 4.

CONTROLS AND PROCEDURES

(a)

(b)	There have been no changes in the Company’s internal controls over financial reporting during the quarter ended June 30, 2008, that have materially affected or are reasonably likely to materially affect the Company’s internal controls over financial reporting.

This excerpt taken from the TCI 10-Q filed May 15, 2008.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

At March 31, 2008, TCI’s exposure to a change in interest rates on its debt is as follows:


	Balance		Weighted Average Interest Rate		Effect of 1% Increase in Base Rates
Notes payable:
Variable rate	$	277,428	6.30	%

Total decrease in TCI’s annual net income					$	2,774

Per share						0.35

ITEM 4.

CONTROLS AND PROCEDURES

(a)

As of the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Principal Executive Officer and Interim Chief Financial Officer per the Company’s disclosure controls and procedures pursuant to Exchange Act Rules 13a-15 and 15d-15. Based upon that evaluation, the Company’s Principal Executive Officer and Interim Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective in timely alerting them to material information relating to the Company (including its consolidated subsidiaries) required to be included in the Company’s periodic SEC filings.

(b)	There have been no changes in the Company’s internal controls over financial reporting during the quarter ended March 31, 2008, that have materially affected or are reasonably likely to materially affect the Company’s internal controls over financial reporting.

This excerpt taken from the TCI 10-K filed Mar 31, 2008.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

This excerpt taken from the TCI 10-Q filed Nov 14, 2007.

Environmental Matters

Under various federal, state and local environmental laws, ordinances and regulations, TCI may be potentially liable for removal or remediation costs, as well as certain other potential costs, relating to hazardous or toxic substances (including governmental fines and injuries to persons and property) where property-level managers have arranged for the removal, disposal or treatment of hazardous or toxic substances. In addition, certain environmental laws impose liability for release of asbestos-containing materials into the air and third parties may seek recovery for personal injury associated with such materials.

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

At September 30, 2007, TCI’s exposure to a change in interest rates on its debt is as follows (dollars in thousands except per share amount):


	Balance		Weighted Average Interest Rate		Effect of 1% Increase in Base Rates
Notes payable:
Variable rate	$	370,454	8.78	%	$	3,705

Total decrease in TCI’s annual net income					$	3,705

Per share					$	.46

ITEM 4T.

CONTROLS AND PROCEDURES

This excerpt taken from the TCI 10-Q filed Aug 14, 2007.

Environmental Matters

Under various federal, state and local environmental laws, ordinances and regulations, TCI may be potentially liable for removal or remediation costs, as well as certain other potential costs, relating to hazardous or toxic substances (including governmental fines and injuries to persons and property) where property-level managers have arranged for the removal, disposal or treatment of hazardous or toxic substances. In addition, certain environmental laws impose liability for release of asbestos-containing materials into the air and third parties may seek recovery for personal injury associated with such materials.

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

At June 30, 2007, TCI’s exposure to a change in interest rates on its debt is as follows (dollars in thousands except per share amount):


	Balance		Weighted Average Interest Rate	Effect of 1% Increase in Base Rates
Notes payable:
Variable rate	$	32,212	8.78%	$	3,221

Total decrease in TCI’s annual net income				$	3,221

Per share				$	.456

ITEM 4.

CONTROLS AND PROCEDURES

This excerpt taken from the TCI 10-Q filed May 15, 2007.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

At March 31, 2007, TCI’s exposure to a change in interest rates on its debt is as follows:


	Balance		Weighted Average Interest Rate		Effect of 1% Increase in Base Rates
Notes payable:
Variable rate	$	254,059	8.70	%

Total decrease in TCI’s annual net income					$	2,541

Per share						0.32

ITEM 4.

CONTROLS AND PROCEDURES

As of the end of the period covered by this report, TCI carried out an evaluation, under the supervision and with the participation of TCI’s Acting Principal Executive Officer and Principal Accounting Officer, of TCI’s disclosure controls and procedures pursuant to Exchange Act Rules 13a-15 and 15d-15. Based upon that evaluation, TCI’s Acting Principal Executive Officer and Principal Accounting Officer concluded that TCI’s disclosure controls and procedures are effective.

There have been no changes in TCI’s internal controls over financial reporting during the quarter ending March 31, 2007, that have materially affected, or are reasonably likely to materially affect, TCI’s internal control over financial reporting.

This excerpt taken from the TCI 10-K filed Apr 2, 2007.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

This excerpt taken from the TCI 10-Q filed Nov 14, 2006.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets, or results of operations.

This excerpt taken from the TCI 10-Q filed Aug 14, 2006.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets, or results of operations.

This excerpt taken from the TCI 10-K filed Mar 31, 2006.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

This excerpt taken from the TCI 10-Q filed Aug 15, 2005.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets, or results of operations.

This excerpt taken from the TCI 10-Q filed May 16, 2005.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

This excerpt taken from the TCI 10-K filed Apr 7, 2005.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

This excerpt taken from the TCI 10-K filed Mar 31, 2005.

Environmental Matters

Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on TCI’s business, assets or results of operations.

Transcontinental Realty Investors (TCI)

TCI » Topics » Environmental Matters

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