Sec. 2210.601. PURPOSE. The legislature finds that authorizing the issuance of public securities to provide a method to raise funds to provide windstorm and hail insurance through the association in certain designated portions of the state is for the benefit of the public and in furtherance of a public purpose.
Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 41, eff. June 19, 2009.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2210 - Texas Windstorm Insurance Association
Subchapter M. Public Securities Program
Section 2210.603. Applicability of Other Laws
Section 2210.604. Issuance of Public Securities Authorized
Section 2210.605. Terms of Issuance
Section 2210.606. Additional Covenants
Section 2210.607. Public Security Proceeds
Section 2210.608. Use of Public Security Proceeds
Section 2210.609. Repayment of Association's Public Security Obligations
Section 2210.610. Public Security Payments
Section 2210.611. Excess Revenue Collections and Investment Earnings
Section 2210.612. Payment of Class 1 Public Securities
Section 2210.613. Payment of Class 2 Public Securities
Section 2210.6131. Payment of Class 3 Public Securities
Section 2210.6132. Contingent Source of Payment for Class 2 and Class 3 Public Securities
Section 2210.614. Refinancing Public Securities
Section 2210.615. Source of Payment; State Debt Not Created
Section 2210.616. State Not to Impair Public Security Obligations
Section 2210.6165. Property Rights
Section 2210.617. Enforcement by Mandamus
Section 2210.618. Exemption From Taxation