Sec. 15.205. INSURANCE. The board may pledge the general credit of the state, to the extent authorized by Article III, Section 49-d-4, of the Texas Constitution, to insure the payment of the principal of or interest on or both the principal of and interest on eligible bonds issued by an issuer in the event of default or impending default of the insured bonds.
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 15 - Texas Water Assistance Program
Subchapter D. Water Bond Insurance Program
Section 15.202. Creation and Administration of Program
Section 15.203. Eligible Bonds
Section 15.206. Application for Insurance
Section 15.207. Considerations in Passing on Application
Section 15.208. Approval of Application
Section 15.209. Contracts, Agreements, and Other Documents
Section 15.210. Limitation on Insurance Coverage
Section 15.211. Insurance Fees
Section 15.212. Payment by State
Section 15.213. Refunding Bonds
Section 15.214. Inspection of Projects
Section 15.215. Alteration of Plans
Section 15.216. Certificate of Approval