Texas § GV.1231.023 - DEBT ISSUANCE POLICIES AND GUIDELINES
Full text of Texas The Texas Constitution § GV.1231.023 — DEBT ISSUANCE POLICIES AND GUIDELINES, with citation guidance and answers to common questions.
§ GV.1231.023. DEBT ISSUANCE POLICIES AND GUIDELINES
DEBT ISSUANCE POLICIES AND GUIDELINES. (a) The board shall adopt debt issuance policies to guide issuers of state securities and to ensure that state debt is prudently managed. The policies must be sufficiently flexible to allow the state and issuers of state securities to respond to changing economic conditions. (b) The board shall consult with issuers of state securities in developing the policies. (c) The board shall adopt policies that: (1) provide a mechanism for evaluating the amount of state debt that can be managed prudently; (2) address opportunities to consolidate debt authority; (3) include guidelines for: (A) appropriate levels of reserves; (B) the types of state security that should be issued under various circumstances; and (C) the terms or structure of a state security; (4) help the board and issuers of state securities to evaluate: (A) the potential risks involved in the issuance of a state security or in the execution of an interest rate management agreement; and (B) the effect that the issuance of a state security or that the execution of an interest rate management agreement will have on the finances and on the overall debt position of the issuer and of the state; and (5) recommend other advisable practices related to the issuance of a state security. Added by Acts 2001, 77th Leg., ch. 530, Sec. 1, eff. June 11, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 991 (S.B. 1332 ), Sec. 4, eff. September 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1231.023
What does The Texas Constitution § GV.1231.023 cover?
Section GV.1231.023 ("DEBT ISSUANCE POLICIES AND GUIDELINES") 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.1231.023?
A common citation format is "The Texas Constitution § GV.1231.023" (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.1231.023 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.