Tex. Ins. Code § 2210.6325 · Subchapter M-1. STATE-FUNDED FINANCING ARRANGEMENTS
REQUEST TO ENTER INTO FINANCING ARRANGEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association may submit a request to the comptroller to enter into a financing arrangement as authorized by Section 404.0242, Government Code. The request must include the association's requested maximum principal amount and maximum term of the arrangement.
(b) The association and the comptroller may agree to increase the maximum principal amount stated in a request submitted under Subsection (a) on a showing that a greater principal amount is needed to:
(1) pay the costs related to the issuance of the financing arrangement;
(2) provide for a debt service reserve fund; or
(3) capitalize interest for a period equal to the lesser of:
(A) a period determined necessary by the association; or
(B) six months.
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 4ad78ef68095954266e97695fe749d57669393a8721bed6fae1f0f9110f23543
- 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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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.