Tex. Gov't Code § 2306.472

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2306.472 - Department's Bonds Other Than General Obligation Bonds Not Obligations of the State

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.

Tex. Gov't. Code § 2306.472

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.