Tex. Water Code § 15.205
This is the official text of Tex. Water Code § 15.205, part of Texas’s Water Code — governs water rights and water resource management.
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§ 15.205. INSURANCE.
Official statutory text
The board may pledge the general credit of the state, to the extent authorized by Article III, Section 49-d-4, of the Texas Constitution, to insure the payment of the principal of or interest on or both the principal of and interest on eligible bonds issued by an issuer in the event of default or impending default of the insured bonds.
Status: in_force · Read it on the official government site
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