Tex. Ins. Code § 2211.204

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

Section 2211.204 - Issuance of Public Securities Authorized

At the request of the association and subject to Section 2211.205, the Texas Public Finance Authority shall issue public securities to:

(1) fund the association, including to:

(A) establish and maintain reserves to pay claims;

(B) pay operating expenses; and

(C) purchase reinsurance;

(2) pay costs related to issuing the public securities; and

(3) pay other costs related to the public securities as determined by the board.

Tex. Ins. Code § 2211.204

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.