Texas Government Code 2306.207 – Reserve Fund
Current as of: 2024 | Check for updates
|
Other versions
(a) The department may create a reserve fund with the comptroller out of:
(1) proceeds from the sale of the department’s bonds; or
(2) other resources.
(b) The reserve fund is additional security for the division’s bonds.
Terms Used In Texas Government Code 2306.207
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011