Tex. Ins. Code § 2211.207 · Subchapter E. REVENUE BOND PROGRAM
CONTENTS OF PUBLIC SECURITY RESOLUTION; ADMINISTRATION OF ACCOUNTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In a public security 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 public securities, including an interest and sinking fund account, a reserve account, and other accounts; and
(2) make additional covenants with regard to the public securities and the designated income and receipts of the association pledged to the payment of the public securities.
(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.2211.htm
- Text hash
- sha256 a2d1221ceb2a9ab936e9d30444be924a8d8f2381175db14fa4b24a6a4efad331
- 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.