Texas § WA.152.058 - GUARANTEE AND OTHER CREDIT SUPPORT RELATING TO PUBLIC SECURITIES AND OTHER OBLIGA
Full text of Texas The Texas Constitution § WA.152.058 — GUARANTEE AND OTHER CREDIT SUPPORT RELATING TO PUBLIC SECURITIES AND OTHER OBLIGA, with citation guidance and answers to common questions.
§ WA.152.058. GUARANTEE AND OTHER CREDIT SUPPORT RELATING TO PUBLIC SECURITIES AND OTHER OBLIGA
GUARANTEE AND OTHER CREDIT SUPPORT RELATING TO PUBLIC SECURITIES AND OTHER OBLIGATIONS. (a) In this section, "public security" has the meaning assigned by Section 1202.001 , Government Code. (b) Under Section 52-a , Article III, Texas Constitution, a river authority that has created a corporation under Section 152.051 may guarantee or otherwise provide credit support for any public security or other obligation or contract of that corporation if the board of directors of the river authority determines that the guarantee or other credit agreement: (1) is beneficial to a public purpose of the river authority; and (2) is for the public purpose of: (A) the development and diversification of the economy of the state; (B) the elimination of unemployment or underemployment in the state; or (C) the development or expansion of commerce in the state. (c) A determination by the board of directors of a river authority under Subsection (b) is conclusive. (d) A guarantee or other credit agreement authorized by Subsection (b) may provide for the guarantee of or other credit support for public securities or other obligations or contracts of the corporation, all or a portion of which may be authorized, executed, and delivered in the future. (e) Chapter 1202 , Government Code, applies to a guarantee or other credit agreement under this section as if the guarantee or other credit agreement were a public security. Added by Acts 2001, 77th Leg., ch. 430, Sec. 1, eff. Sept. 1, 2001. SUBCHAPTER C. ENERGY OR WATER CONSERVATION PROGRAMS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.152.058
What does The Texas Constitution § WA.152.058 cover?
Section WA.152.058 ("GUARANTEE AND OTHER CREDIT SUPPORT RELATING TO PUBLIC SECURITIES AND OTHER OBLIGA") 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.152.058?
A common citation format is "The Texas Constitution § WA.152.058" (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.152.058 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.