(a) Except as provided by Subsection (c) of this section, the total principal balance
of all insurance coverage issued by the board and outstanding may not exceed the dollar
amount that equals two times the maximum amount of money that the state is authorized
to pay under the program by the constitution.
(b) The board may not approve insurance coverage in any state fiscal year that exceeds
a total of $100 million for all applicants.
(c) The legislature, by a two-thirds vote of each house, may change the limitations
provided by Subsections (a) and (b) of this section.
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 or via Westlaw before relying on it for your legal needs.
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