Texas Government Code 2306.473 – State Not Obligated to Pay; Faith and Credit Not Pledged
Current as of: 2024 | Check for updates
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A department bond not authorized by § 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.