Tex. Water Code § 15.211 · Subchapter D. WATER BOND INSURANCE PROGRAM
INSURANCE FEES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall adopt a schedule of fees to be charged an issuer for insurance coverage provided under this subchapter.
(b) Fees charged by the board under this section shall be calculated to provide a reasonable reserve against defaults and impending defaults.
(c) Fees collected under this section shall be deposited in a special reserve fund created in the state treasury for the purpose of paying amounts on default or impending default of any bonds without resorting to the general credit of the state. The board may invest any money credited to the reserve fund in investments authorized by law for state deposits.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05. Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 8, eff. Sept. 1, 1987; Acts 1989, 71st Leg., ch. 308, Sec. 1, eff. June 14, 1989.
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 f404d44c49155821a750a0a3036341a6e55dcf34148d8be0b2525286e241e236
- 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.