Tex. Gov't Code § 2306.473

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

Section 2306.473 - State Not Obligated to Pay; Faith and Credit Not Pledged

A department bond not authorized by Section 2306.352 must contain a statement on the face of the bond that:

(1) the state is not obligated to pay the principal or interest on the bond; and

(2) the faith, credit, or taxing power of the state is not pledged, given, or loaned to payment of the bond's principal or interest.

Tex. Gov't. Code § 2306.473

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