Tex. Gov't Code § 2306.207 · Subchapter I. HOUSING FINANCE DIVISION: FUNDS
RESERVE FUND.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department may create a reserve fund with the comptroller out of:
(1) proceeds from the sale of the department's bonds; or
(2) other resources.
(b) The reserve fund is additional security for the division's bonds.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 980, Sec. 32, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 8.75, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 ae5c0c516edec8c8d6a2146ee4c8498ab07b349bcc6b8d8bb0b986658ad90736
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.