Tex. Insurance Code § 2210.6355
SOURCE OF PAYMENT; STATE DEBT NOT CREATED
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 2210.6355, SOURCE OF PAYMENT; STATE DEBT NOT CREATED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684688
- Permanent ID
ys:prov:684688@1- SHA-256
410e37bcad3bb8a07daf2040fe9d9665ee76c4935fabb71dc97c0ed10f04da8d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A financing arrangement entered into under Section 2210.632 is payable solely from revenue as provided by this subchapter.
(b) A financing arrangement entered into under Section 2210.632 is not a debt of this state or any state agency or political subdivision of this state and does not constitute a pledge of the faith and credit of this state or any state agency or political subdivision of this state.
(c) Each financing arrangement entered into under Section 2210.632 must state that:
(1) except as otherwise provided by this subchapter, neither this state nor a state agency, political corporation, or political subdivision of this state is obligated to pay the principal of or interest on the financing arrangement; and
(2) neither the faith and credit nor the taxing power of this state or a state agency, political corporation, or political subdivision of this state is pledged to the payment of the principal of or interest on the financing arrangement.