The department may not borrow money, incur monetary obligations, or pledge in any manner the credit or taxing power of the state or a political subdivision of the state.
Tex. Gov't Code § 2304.007
PROHIBITION ON BORROWING, INCURRING OBLIGATIONS, OR PLEDGING CREDIT
Known as the Texas Housing Rehabilitation Act
The act spans §§ 2304.001 to 2304.104 (45 sections).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.