Texas § WA.6.114 - FINANCIAL ASSISTANCE PROGRAMS
Full text of Texas The Texas Constitution § WA.6.114 — FINANCIAL ASSISTANCE PROGRAMS, with citation guidance and answers to common questions.
§ WA.6.114. FINANCIAL ASSISTANCE PROGRAMS
FINANCIAL ASSISTANCE PROGRAMS: DEFAULT, REMEDIES, AND ENFORCEMENT. (a) In this section: (1) "Default" means: (A) default in payment of the principal of or interest on bonds, securities, or other obligations purchased or acquired by the board; (B) failure to perform any covenant related to a bond, security, or other obligation purchased or acquired by the board; (C) a failure to perform any of the terms of a loan, grant, or other financing agreement; or (D) any other failure to perform an obligation, breach of a term of an agreement, or default as provided by any proceeding or agreement evidencing an obligation or agreement of a recipient, beneficiary, or guarantor of financial assistance provided by the board. (2) "Financial assistance program recipient" means a recipient or beneficiary of funds administered by the board under this code, including a borrower, grantee, guarantor, or other beneficiary. (b) In the event of a default and on request by the board, the attorney general shall seek: (1) a writ of mandamus to compel a financial assistance program recipient or the financial assistance program recipient's officers, agents, and employees to cure the default; and (2) any other legal or equitable remedy the board and the attorney general consider necessary and appropriate. (c) A proceeding authorized by this section shall be brought and venue is in a district court in Travis County. (d) In a proceeding under this section, the attorney general may recover reasonable attorney's fees, investigative costs, and court costs incurred on behalf of the state in the proceeding in the same manner as provided by general law for a private litigant. Added by Acts 2011, 82nd Leg., R.S., Ch. 1233 (S.B. 660 ), Sec. 2, eff. September 1, 2011.
Frequently Asked Questions About Texas § WA.6.114
What does The Texas Constitution § WA.6.114 cover?
Section WA.6.114 ("FINANCIAL ASSISTANCE PROGRAMS") 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.6.114?
A common citation format is "The Texas Constitution § WA.6.114" (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.6.114 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.