Tex. Agriculture Code § 44.009
This is the official text of Tex. Agriculture Code § 44.009, part of Texas’s Agriculture Code — regulates farming, livestock, and agricultural commerce.
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§ 44.009. STATE LIABILITY PROHIBITED.
Official statutory text
The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to an eligible borrower. A delay in payment or default on a loan by an eligible borrower does not affect the validity of the deposit agreement. Linked deposits are not an extension of the state's credit within the meaning of any state constitutional prohibition.
Status: in_force · Read it on the official government site
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