{"data":{"id":"us-tx/tex.-water-code-15.205","jurisdiction":"us-tx","citation":"Tex. Water Code § 15.205","heading":"INSURANCE.","body":"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.\nAdded by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.","path":["WATER CODE","TITLE 2. WATER ADMINISTRATION","SUBTITLE C. WATER DEVELOPMENT","CHAPTER 15. TEXAS WATER ASSISTANCE PROGRAM","SUBCHAPTER D. WATER BOND INSURANCE PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.15.htm#15.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"de48a47364cae88182858a8d7a5226857ddd9ce7cf3b463b2f4417af57989824","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-15.204","next":"us-tx/tex.-water-code-15.206"},"notice":"GroundRules: Original legal text. Not legal advice."}