(a) The department may create a reserve fund with the comptroller out of:
(1) proceeds from the sale of the department's bonds; or
(2) other resources.
(b) The reserve fund is additional security for the division's bonds.
Tex. Gov't Code § 2306.207
RESERVE FUND
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.