Sec. 53.352. LIMITATION ON LIABILITY OF CORPORATION. A director, officer, or employee of the nonprofit corporation established by the Texas Public Finance Authority under Section 53.351 is not personally liable:
(1) for damage, loss, or injury resulting from the performance of the person's duties under Section 53.351; or
(2) on any commitment or agreement executed on behalf of the corporation under Section 53.351.
Added by Acts 2015, 84th Leg., R.S., Ch. 800 (H.B. 2851), Sec. 2, eff. June 17, 2015.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 53 - Higher Education Facility Authorities for Public Schools
Subchapter C. Powers and Duties
Section 53.31. No Taxing Power
Section 53.32. No Power of Eminent Domain
Section 53.33. Limited Power to Acquire, Own, and Operate Educational and Housing Facilities
Section 53.331. Refinancing Facilities
Section 53.35. Issuance of Bonds; Procedure; Etc
Section 53.351. Bonds for Open-Enrollment Charter School Facilities
Section 53.352. Limitation on Liability of Corporation
Section 53.36. Bond Resolution; Notice; Election
Section 53.37. Junior Lien Bonds; Parity Bonds
Section 53.38. Reserves for Operating and Other Expenses
Section 53.39. Refunding Bonds
Section 53.40. Approval of Bonds; Registration; Negotiability
Section 53.41. Authorized Investments
Section 53.42. Investment of Funds; Security
Section 53.44. Operation of Facilities; Rates Charged; Reserve Funds
Section 53.45. Transactions With Other Agencies and Persons