Texas § SD.9601.212 - ADDITIONAL AUTHORITY TO PROVIDE DEBT SERVICE RESERVE

Full text of Texas The Texas Constitution § SD.9601.212 — ADDITIONAL AUTHORITY TO PROVIDE DEBT SERVICE RESERVE, with citation guidance and answers to common questions.

§ SD.9601.212. ADDITIONAL AUTHORITY TO PROVIDE DEBT SERVICE RESERVE

ADDITIONAL AUTHORITY TO PROVIDE DEBT SERVICE RESERVE. (a) The board may provide that in lieu of or in addition to providing for the funding of a debt service reserve fund with cash, a line or letter of credit or an insurance policy may be used for the debt service reserve fund. (b) Any agreement under which a line or letter of credit or insurance policy is provided must be submitted to the attorney general for examination and approval. After approval, the agreement is incontestable in any court or other forum for any reason and is a valid and binding obligation of the district in accordance with its terms for all purposes. Added by Acts 2009, 81st Leg., R.S., Ch. 523 (S.B. 1223 ), Sec. 1, eff. June 19, 2009.

Source: official Texas text · Last verified 2026-08-27

Related Texas Legal Topics

Frequently Asked Questions About Texas § SD.9601.212

What does The Texas Constitution § SD.9601.212 cover?

Section SD.9601.212 ("ADDITIONAL AUTHORITY TO PROVIDE DEBT SERVICE RESERVE") 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 § SD.9601.212?

A common citation format is "The Texas Constitution § SD.9601.212" (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 § SD.9601.212 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.