{"data":{"id":"us-tx/tex.-special-district-local-laws-code-9601.212","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 9601.212","heading":"ADDITIONAL AUTHORITY TO PROVIDE DEBT SERVICE RESERVE.","body":"(a) The board may provide that in lieu of or in addition to providing for the funding of a debt service reserve fund with cash, a line or letter of credit or an insurance policy may be used for the debt service reserve fund.\n(b) Any agreement under which a line or letter of credit or insurance policy is provided must be submitted to the attorney general for examination and approval. After approval, the agreement is incontestable in any court or other forum for any reason and is a valid and binding obligation of the district in accordance with its terms for all purposes.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 523 (S.B. 1223), Sec. 1, eff. June 19, 2009.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 6. WATER AND WASTEWATER","SUBTITLE L. MUNICIPAL AND COUNTY WATER DISTRICTS","CHAPTER 9601. RIVERBEND WATER RESOURCES DISTRICT","SUBCHAPTER E. BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9601.htm#9601.212","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"54b93a57bed0405615ca3edb43f442c6bb936488fa5261fcf2149fb45bb87283","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-9601.211","next":"us-tx/tex.-special-district-local-laws-code-9601.213"},"notice":"GroundRules: Original legal text. Not legal advice."}