Texas § AG.58.074 - STATE LIABILITY PROHIBITED
Full text of Texas The Texas Constitution § AG.58.074 — STATE LIABILITY PROHIBITED, with citation guidance and answers to common questions.
§ AG.58.074. STATE LIABILITY PROHIBITED
STATE LIABILITY PROHIBITED. The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made under this subchapter. A delay in payment or default on a loan by a borrower does not affect the validity of the deposit agreement. Linked deposits are not an extension of the state's credit within the meaning of any state constitutional prohibition. Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016 ), Sec. 1.16, eff. September 1, 2009.
Frequently Asked Questions About Texas § AG.58.074
What does The Texas Constitution § AG.58.074 cover?
Section AG.58.074 ("STATE LIABILITY PROHIBITED") 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 § AG.58.074?
A common citation format is "The Texas Constitution § AG.58.074" (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 § AG.58.074 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.