Texas § IN.2210.604 - ISSUANCE OF PUBLIC SECURITIES AUTHORIZED
Full text of Texas The Texas Constitution § IN.2210.604 — ISSUANCE OF PUBLIC SECURITIES AUTHORIZED, with citation guidance and answers to common questions.
§ IN.2210.604. ISSUANCE OF PUBLIC SECURITIES AUTHORIZED
ISSUANCE OF PUBLIC SECURITIES AUTHORIZED. (a) At the request of the association and with the approval of the commissioner, the Texas Public Finance Authority shall issue Class 1, Class 2, or Class 3 public securities. The association shall submit to the commissioner a cost-benefit analysis of various financing methods and funding structures when requesting the issuance of public securities under this subsection. (a-1) The association and the commissioner must approve each tranche of commercial paper issued under a commercial paper program established under this chapter. (b) The association shall specify in the association's request to the board the maximum principal amount of the public securities and the maximum term of the public securities. (c) The principal amount determined by the association under Subsection (b) may be increased to include an amount sufficient to: (1) pay the costs related to issuance of the public securities; (2) provide a public security reserve fund; (3) capitalize interest for the period determined necessary by the association, not to exceed two years; and (4) provide the amount of debt service coverage for public securities determined by the association, in consultation with the authority, to be required for the issuance of marketable public securities. Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409 ), Sec. 41, eff. June 19, 2009. Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3 ), Sec. 43, eff. September 28, 2011. Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 1.17(2), eff. September 1, 2027. Text of section effective until September 01, 2027
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2210.604
What does The Texas Constitution § IN.2210.604 cover?
Section IN.2210.604 ("ISSUANCE OF PUBLIC SECURITIES AUTHORIZED") 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.2210.604?
A common citation format is "The Texas Constitution § IN.2210.604" (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.2210.604 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.