Tex. Ins. Code § 2203.357 · Subchapter H. REVENUE BOND PROGRAM
CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In a bond resolution, the board may:
(1) provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the bonds, including an interest and sinking fund account, a reserve account, and other accounts; and
(2) make additional covenants with regard to the bonds and the designated income and receipts of the association pledged to the payment of the bonds.
(b) The association shall administer the accounts in accordance with this chapter.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2203.htm
- Text hash
- sha256 5e190e5553c524039284e4349a7f86065728a8f3eeb8e9c7d132a56f76692a95
- 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.