STATE NOT TO IMPAIR BOND OBLIGATIONS
Known as the Texas Unemployment Compensation Act
The act spans §§ 201–215 (345 sections).
Added by Acts 2003, 78th Leg., ch. 317, Sec. 5, eff
If bonds under this subchapter are outstanding, the state may not:
(1) take action to limit or restrict the rights of the commission to fulfill its responsibility to pay bond obligations; or
(2) in any way impair the rights and remedies of the bond owners until the bonds are fully discharged.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.