Tex. Ins. Code § 2210.632 · Subchapter M-1. STATE-FUNDED FINANCING ARRANGEMENTS

FINANCING ARRANGEMENT AUTHORIZED; LIMITS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

(a) The association may enter into a financing arrangement with this state as provided by Section 404.0242, Government Code, and in accordance with this subchapter:

(1) before a catastrophic event, for not more than $500 million; and

(2) after a catastrophic event that depletes the catastrophe reserve trust fund, for not more than $1 billion.

(b) The amount available under Subsection (a)(2) is reduced by the amount of any outstanding pre-event or post-event financing obtained by the association under this section.

Notes and commentary — not statutory text

History

Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff. September 1, 2025.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2210.htm
Text hash: sha256 74093dc7398d591525929d551f88bf7be91bc3a0c719308aa1886c09742be22a
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

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Government Code

Tex. Gov't Code § 404.0242INVESTMENT IN WINDSTORM CATASTROPHE FINANCING ARRANGEMENTS.Printed as Section 404.0242, Government Code

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Insurance Code

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