{"data":{"id":"us-tx/tex.-insurance-code-2211.208","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2211.208","heading":"SOURCE OF PAYMENT.","body":"(a) Public securities issued under this subchapter are payable only from:\n(1) the service fee established under Section 2211.209; or\n(2) other amounts the association is authorized to levy, charge, and collect.\n(b) The public securities are obligations solely of the association and do not create a pledge, gift, or loan of the faith, credit, or taxing authority of this state.\n(c) Each public security must:\n(1) include a statement that the state is not obligated to pay any amount on the security and that the faith, credit, and taxing authority of this state are not pledged, given, or loaned to those payments; and\n(2) state on the security's face that the security:\n(A) is payable solely from the revenue pledged for that purpose; and\n(B) is not a legal or moral obligation of the state.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 10. PROPERTY AND CASUALTY INSURANCE","SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE","CHAPTER 2211. FAIR PLAN","SUBCHAPTER E. REVENUE BOND PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2211.htm#2211.208","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"383e6aaa450aafc59ec0d5a385ffd98aa2ee1385eace0e256027c51d60c310c7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2211.207","next":"us-tx/tex.-insurance-code-2211.209"},"notice":"GroundRules: Original legal text. Not legal advice."}