Texas § WA.15.202 - CREATION AND ADMINISTRATION OF PROGRAM
Full text of Texas The Texas Constitution § WA.15.202 — CREATION AND ADMINISTRATION OF PROGRAM, with citation guidance and answers to common questions.
§ WA.15.202. CREATION AND ADMINISTRATION OF PROGRAM
CREATION AND ADMINISTRATION OF PROGRAM. (a) The water bond insurance program is created pursuant to Article III, Section 49-d-4 , of the Texas Constitution to insure to holders of insured bonds that in the event of default or impending default the state will pay, to the extent authorized by this subchapter, the principal of or interest on or both principal of and interest on the bonds. (b) The board shall administer the program in the manner provided by this subchapter and by rules of the board. (c) The legislature, in accordance with authorization provided by Article III, Section 49-d-4 , of the Texas Constitution, authorizes the existence of the program to continue beyond the expiration date of the program provided by Subsection (g) of that section. Added by Acts 1985, 69th Leg., ch. 133,
Frequently Asked Questions About Texas § WA.15.202
What does The Texas Constitution § WA.15.202 cover?
Section WA.15.202 ("CREATION AND ADMINISTRATION OF PROGRAM") 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 § WA.15.202?
A common citation format is "The Texas Constitution § WA.15.202" (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 § WA.15.202 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.