{"data":{"id":"us-tx/tex.-insurance-code-2210.605","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2210.605","heading":"TERMS OF ISSUANCE.","body":"Text of section effective until September 01, 2027\n(a) The board shall determine the method of sale, type and form of public security, maximum interest rates, and other terms of the public securities that, in the board's judgment, best achieve the goals of the association and effect the borrowing at the lowest practicable cost. The board may enter into a credit agreement in connection with the public securities.\n(b) Public securities must be issued by the board on behalf of the association.\n(c) Repealed by Acts 2015, 84th Leg., R.S., Ch. 615 , Sec. 31(3), eff. September 1, 2015.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 41, eff. June 19, 2009.\nAmended by:\nActs 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 44, eff. September 28, 2011.\nActs 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 31(3), eff. September 1, 2015.\nRepealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(2), eff. September 1, 2027.","path":["INSURANCE CODE","TITLE 10. PROPERTY AND CASUALTY INSURANCE","SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE","CHAPTER 2210. TEXAS WINDSTORM INSURANCE ASSOCIATION","SUBCHAPTER M. PUBLIC SECURITIES PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2210.htm#2210.605","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"943f6782e92a03c1da8de662f408c2a86a67de8b657ddbe79255a823ca49c4ba","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2210.604","next":"us-tx/tex.-insurance-code-2210.606"},"notice":"GroundRules: Original legal text. Not legal advice."}