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Current as of January 01, 2024 | Updated by Findlaw Staff
A department bond not authorized by Section 2306.352 must contain a statement on the face of the bond that:
(1) the state is not obligated to pay the principal or interest on the bond; and
(2) the faith, credit, or taxing power of the state is not pledged, given, or loaned to payment of the bond's principal or interest.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2306.473. State Not Obligated to Pay; Faith and Credit Not Pledged - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2306-473/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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