Tex. Lab. Code § 203.260

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

Section 203.260 - State Not to Impair Bond Obligations

If bonds under this subchapter are outstanding, the state may not:

(1) take action to limit or restrict the rights of the commission to fulfill its responsibility to pay bond obligations; or

(2) in any way impair the rights and remedies of the bond owners until the bonds are fully discharged.

Tex. Lab. Code § 203.260

Added by Acts 2003, 78th Leg., ch. 317, Sec. 5, eff. 6/18/2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.05, eff. 6/20/2003.