Tex. Gov't Code § 404.027 · Subchapter C. STATE DEPOSITORIES AND INVESTMENT OF STATE FUNDS
LIQUIDITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The comptroller may enter into credit agreements or other similar agreements to provide liquidity for obligations issued for governmental purposes by an agency of the state if the agreements do not conflict with the liquidity needs of the treasury. An agency may enter into a credit agreement with the comptroller on the issuance of obligations or at a later date as agreed to by the comptroller and the agency.
(b) The comptroller may charge reasonable costs to provide services under this section.
(c) In this section:
(1) "Credit agreement" has the meaning assigned by Section 1371.001.
(2) "Obligations" include commercial paper, variable rate demand obligations, and "public securities" as defined by Section 1201.002.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 939, Sec. 5, eff. Aug. 30, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 7.35, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 1420, Sec. 8.230, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.404.htm
- Text hash
- sha256 80079b5b763b22c1e73de97b8210e6f371af082a3d0cd0ee440332390c37db34
- 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
This section cites
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