Texas § GV.418.066 - CREATION OF ACCOUNT

Full text of Texas The Texas Constitution § GV.418.066 — CREATION OF ACCOUNT, with citation guidance and answers to common questions.

§ GV.418.066. CREATION OF ACCOUNT

CREATION OF ACCOUNT. (a) The disaster recovery loan account is created as an account in the general revenue fund with the comptroller, to be administered by the division. (b) Money in the account may be used only to provide short-term loans to eligible political subdivisions in the manner provided by this subchapter. (c) The account consists of: (1) money appropriated, credited, or transferred to the account by the legislature; (2) money received by the comptroller for the repayment of a loan made from the account; (3) gifts or grants contributed to the account; and (4) interest earned on deposits and investments of the account. Added by Acts 2019, 86th Leg., R.S., Ch. 946 (S.B. 6 ), Sec. 3, eff. September 1, 2019.

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

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Frequently Asked Questions About Texas § GV.418.066

What does The Texas Constitution § GV.418.066 cover?

Section GV.418.066 ("CREATION OF ACCOUNT") 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.418.066?

A common citation format is "The Texas Constitution § GV.418.066" (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.418.066 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.