{"data":{"id":"us-tx/tex.-insurance-code-2210.632","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2210.632","heading":"FINANCING ARRANGEMENT AUTHORIZED; LIMITS.","body":"(a) The association may enter into a financing arrangement with this state as provided by Section 404.0242, Government Code, and in accordance with this subchapter:\n(1) before a catastrophic event, for not more than $500 million; and\n(2) after a catastrophic event that depletes the catastrophe reserve trust fund, for not more than $1 billion.\n(b) The amount available under Subsection (a)(2) is reduced by the amount of any outstanding pre-event or post-event financing obtained by the association under this section.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff. September 1, 2025.","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-1. STATE-FUNDED FINANCING ARRANGEMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2210.htm#2210.632","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"81f75e8c8ce55b7f51cdd796d4d3cf4b17955bf7730280ca0323cac12040d5a4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2210.6315","next":"us-tx/tex.-insurance-code-2210.6325"},"notice":"GroundRules: Original legal text. Not legal advice."}