Texas § UT.41.160 - PLEDGE OF STATE
Full text of Texas The Texas Constitution § UT.41.160 — PLEDGE OF STATE, with citation guidance and answers to common questions.
§ UT.41.160. PLEDGE OF STATE
PLEDGE OF STATE. Securitized bonds are not a debt or obligation of the state and are not a charge on its full faith and credit or taxing power. The state pledges, however, for the benefit and protection of assignees, financing parties, and the electric cooperative, that it will not take or permit, or permit any agency or other governmental authority or political subdivision of the state to take or permit, any action that would impair the value of securitized property, or, except as permitted by Section 41.157 , reduce, alter, or impair the securitized charges to be imposed, collected, and remitted to financing parties, until the principal, interest and premium, and any other charges incurred and contracts to be performed in connection with the related securitized bonds have been paid and performed in full. Any party issuing securitized bonds is authorized to include this pledge in any documentation relating to those bonds. Added by Acts 2021, 87th Leg., R.S., Ch. 950 (S.B. 1580 ), Sec. 1, eff. June 18, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § UT.41.160
What does The Texas Constitution § UT.41.160 cover?
Section UT.41.160 ("PLEDGE OF STATE") 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 § UT.41.160?
A common citation format is "The Texas Constitution § UT.41.160" (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 § UT.41.160 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
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.