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Tex. Insurance Code § 2203.357

CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 2203.357, CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684284
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(a) In a bond resolution, the board may: (1) provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the bonds, including an interest and sinking fund account, a reserve account, and other accounts; and (2) make additional covenants with regard to the bonds and the designated income and receipts of the association pledged to the payment of the bonds. (b) The association shall administer the accounts in accordance with this chapter.