Texas § WA.17.886 - PAYMENT AND TRANSFERS BY COMPTROLLER
Full text of Texas The Texas Constitution § WA.17.886 — PAYMENT AND TRANSFERS BY COMPTROLLER, with citation guidance and answers to common questions.
§ WA.17.886. PAYMENT AND TRANSFERS BY COMPTROLLER
PAYMENT AND TRANSFERS BY COMPTROLLER. (a) The comptroller shall pay the principal of the bonds as they mature and the interest on the bonds as it becomes due. (b) If the money and securities in the interest and sinking fund are insufficient to pay the interest that is due and the principal maturing on the bonds during the fiscal year, the comptroller shall transfer out of the first money coming into the treasury, not otherwise appropriated by the constitution, the amount required to pay principal of and interest on the bonds during the fiscal year. (c) The comptroller shall make the transfers required by the board's bond resolution or order and this subchapter. Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 20.07, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § WA.17.886
What does The Texas Constitution § WA.17.886 cover?
Section WA.17.886 ("PAYMENT AND TRANSFERS BY COMPTROLLER") 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.17.886?
A common citation format is "The Texas Constitution § WA.17.886" (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.17.886 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.