Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 2306.207 - Reserve Fund(a) The department may create a reserve fund with the comptroller out of: (1) proceeds from the sale of the department's bonds; or(2) other resources.(b) The reserve fund is additional security for the division's bonds.
Tex. Gov't. Code § 2306.207
Amended by Acts 1997, 75th Leg., ch. 980, Sec. 32, eff. 9/1/1997Amended By Acts 1997, 75th Leg., ch. 1423, Sec. 8.75, eff. 9/1/1997.