Tex. Water Code § 15.210 · Subchapter D. WATER BOND INSURANCE PROGRAM
LIMITATION ON INSURANCE COVERAGE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (c) of this section, the total principal balance of all insurance coverage issued by the board and outstanding may not exceed the dollar amount that equals two times the maximum amount of money that the state is authorized to pay under the program by the constitution.
(b) The board may not approve insurance coverage in any state fiscal year that exceeds a total of $100 million for all applicants.
(c) The legislature, by a two-thirds vote of each house, may change the limitations provided by Subsections (a) and (b) of this section.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.15.htm
- Text hash
- sha256 1c2f2ffcb9cd8d8b173e7373d935c51f98bc17ea12c235c5dddffbf6e767800e
- 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.