Texas § IN.2209.251 - FUND CREATION
Full text of Texas The Texas Constitution § IN.2209.251 — FUND CREATION, with citation guidance and answers to common questions.
§ IN.2209.251. FUND CREATION
FUND CREATION; MANAGEMENT. (a) On creation of the pool, the initial regular board shall create the Texas nonprofit organizations liability fund. (b) The fund is composed of: (1) premiums paid by nonprofit organizations for coverage provided by the pool; (2) contributions and other money received by the pool to cover the initial expenses of the fund; (3) investments of the fund and money earned from those investments; and (4) any other money received by the pool. (c) The pool manager shall manage the fund under the general supervision of the board. The fund manager, under the general supervision of the board, shall manage and invest the money in the fund in the manner provided by the plan of operation. (d) Money earned by the investment of money in the fund must be deposited in the fund or reinvested for the fund. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.2209.251
What does The Texas Constitution § IN.2209.251 cover?
Section IN.2209.251 ("FUND CREATION") 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 § IN.2209.251?
A common citation format is "The Texas Constitution § IN.2209.251" (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 § IN.2209.251 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.