Texas § GV.2306.451 - STATE PLEDGE REGARDING BONDHOLDER RIGHTS AND REMEDIES
Full text of Texas The Texas Constitution § GV.2306.451 — STATE PLEDGE REGARDING BONDHOLDER RIGHTS AND REMEDIES, with citation guidance and answers to common questions.
§ GV.2306.451. STATE PLEDGE REGARDING BONDHOLDER RIGHTS AND REMEDIES
STATE PLEDGE REGARDING BONDHOLDER RIGHTS AND REMEDIES. (a) The state pledges to and agrees with the holders of bonds issued under this chapter that it will not limit or alter the rights vested in the department under this chapter to fulfill the terms of an agreement made with a bondholder or impair the rights and remedies of a bondholder until the following obligations are fully discharged: (1) the bonds; (2) interest on the bonds; (3) interest on any unpaid installment of interest; and (4) all costs and expenses related to an action or proceeding by or on behalf of the holders. (b) The department may include the state's pledge and agreement under Subsection (a) in an agreement with the holders of the department's bonds. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.2306.451
What does The Texas Constitution § GV.2306.451 cover?
Section GV.2306.451 ("STATE PLEDGE REGARDING BONDHOLDER RIGHTS AND REMEDIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2306.451?
A common citation format is "The Texas Constitution § GV.2306.451" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2306.451 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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