Tex. Water Code § 15.205
INSURANCE
Texas · Texas Water Code · Status: effective
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- Citation
- Tex. Water Code § 15.205, INSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/579255
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Full text
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.