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Tex. Government Code § 2306.472

DEPARTMENT'S BONDS OTHER THAN GENERAL OBLIGATION BONDS NOT OBLIGATIONS OF THE STATE

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 2306.472, DEPARTMENT'S BONDS OTHER THAN GENERAL OBLIGATION BONDS NOT OBLIGATIONS OF THE STATE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/664155
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Except for bonds authorized by the Texas Constitution and issued under Section 2306.352, the department's bonds: (1) are solely obligations of the department and are payable solely from funds of the housing finance division; (2) are not an obligation, debt, or liability of the state; and (3) do not create or constitute a pledge, giving, or lending of the faith, credit, or taxing power of the state.