Texas § PR.142.008 - STRUCTURED SETTLEMENT
Full text of Texas The Texas Constitution § PR.142.008 — STRUCTURED SETTLEMENT, with citation guidance and answers to common questions.
§ PR.142.008. STRUCTURED SETTLEMENT
STRUCTURED SETTLEMENT. (a) In a suit in which a minor or incapacitated person who has no legal guardian is represented by a next friend or an appointed guardian ad litem, the court, on a motion from the parties, may provide for a structured settlement that: (1) provides for periodic payments; and (2) is funded by: (A) an obligation guaranteed by the United States government; or (B) an annuity contract that meets the requirements of Section 142.009 . (b) The person obligated to fund a structured settlement shall provide to the court: (1) a copy of the instrument that provides funding for the structured settlement; or (2) an affidavit from an independent financial consultant that specifies the present value of the structured settlement and the method by which the value is calculated. (c) A structured settlement provided for under this section is solely for the benefit of the beneficiary of the structured settlement and is not subject to the interest payment calculations contained in Section 117.054 , Local Government Code. Added by Acts 1999, 76th Leg., ch. 195, Sec. 5, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § PR.142.008
What does The Texas Constitution § PR.142.008 cover?
Section PR.142.008 ("STRUCTURED SETTLEMENT") 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 § PR.142.008?
A common citation format is "The Texas Constitution § PR.142.008" (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 § PR.142.008 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.