Texas § GV.404.027 - LIQUIDITY
Full text of Texas The Texas Constitution § GV.404.027 — LIQUIDITY, with citation guidance and answers to common questions.
§ GV.404.027. LIQUIDITY
LIQUIDITY. (a) The comptroller may enter into credit agreements or other similar agreements to provide liquidity for obligations issued for governmental purposes by an agency of the state if the agreements do not conflict with the liquidity needs of the treasury. An agency may enter into a credit agreement with the comptroller on the issuance of obligations or at a later date as agreed to by the comptroller and the agency. (b) The comptroller may charge reasonable costs to provide services under this section. (c) In this section: (1) "Credit agreement" has the meaning assigned by Section 1371.001 . (2) "Obligations" include commercial paper, variable rate demand obligations, and "public securities" as defined by Section 1201.002 . Added by Acts 1993, 73rd Leg., ch. 939, Sec. 5, eff. Aug. 30, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 7.35, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 1420, Sec. 8.230, eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § GV.404.027
What does The Texas Constitution § GV.404.027 cover?
Section GV.404.027 ("LIQUIDITY") 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.404.027?
A common citation format is "The Texas Constitution § GV.404.027" (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.404.027 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.