Sec. 2211.204. ISSUANCE OF PUBLIC SECURITIES AUTHORIZED. At the request of the association and subject to Section 2211.205, the Texas Public Finance Authority shall issue public securities to:
(1) fund the association, including to:
(A) establish and maintain reserves to pay claims;
(B) pay operating expenses; and
(C) purchase reinsurance;
(2) pay costs related to issuing the public securities; and
(3) pay other costs related to the public securities as determined by the board.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Subchapter E. Revenue Bond Program
Section 2211.203. Applicability of Other Laws
Section 2211.204. Issuance of Public Securities Authorized
Section 2211.205. Limitation on Amount of Public Securities
Section 2211.206. Terms of Issuance
Section 2211.207. Contents of Public Security Resolution; Administration of Accounts
Section 2211.208. Source of Payment
Section 2211.210. Exemption From Taxation
Section 2211.211. Authorized Investments
Section 2211.212. State Pledge Regarding Public Security Owner Rights and Remedies