Texas § WA.60.112 - INSURING IMPROVEMENTS TO PROTECT HOLDERS OF OBLIGATIONS
Full text of Texas The Texas Constitution § WA.60.112 — INSURING IMPROVEMENTS TO PROTECT HOLDERS OF OBLIGATIONS, with citation guidance and answers to common questions.
§ WA.60.112. INSURING IMPROVEMENTS TO PROTECT HOLDERS OF OBLIGATIONS
INSURING IMPROVEMENTS TO PROTECT HOLDERS OF OBLIGATIONS. (a) The commission may enter into agreements with purchasers of any obligations issued under this subchapter to insure improvements and facilities, the revenue of which is pledged to the payment of the obligations. (b) The commission may obtain from insurers of good standing: (1) insurance against loss or damage by fire, water, or flood; (2) insurance against loss or damage from any hazards customarily insured against by private companies operating similar properties; and (3) insurance covering the use and occupancy of the property as is customarily carried by private companies. (c) The cost of the insurance shall be budgeted as maintenance and operation expense and shall be carried for the benefit of the holders of the obligations. Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.60.112
What does The Texas Constitution § WA.60.112 cover?
Section WA.60.112 ("INSURING IMPROVEMENTS TO PROTECT HOLDERS OF OBLIGATIONS") 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.60.112?
A common citation format is "The Texas Constitution § WA.60.112" (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.60.112 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.