Tex. Water Code § 15.205
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The board may pledge the general credit of the state, to the extent authorized by Article III, Section 49-d-4, of the Texas Constitution, to insure the payment of the principal of or interest on or both the principal of and interest on eligible bonds issued by an issuer in the event of default or impending default of the insured bonds.
Tex. Water Code § 15.205