Texas § 1207.063 DUTY TO COMPLY.

Texas Statutes

§ 1207.063 — DUTY TO COMPLY.

Texas § 1207.063

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1207.063 (2026).

Text

Sec. 1207.063. DUTY TO COMPLY. A person described by Section 1201.061 (a) that enters into an agreement under Section 1207.062 shall comply with each term of that agreement and, from the deposited money and in the manner and to the extent provided by the agreement, make available to any other paying agent or trustee for an obligation of the same or a different series of obligations to be refunded, paid, or redeemed, the amounts required by the terms of the obligation to pay or redeem the principal of and interest on the obligation when due.

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Sec. 1207.063. DUTY TO COMPLY. A person described by Section 1201.061 (a) that enters into an agreement under Section 1207.062 shall comply with each term of that agreement and, from the deposited money and in the manner and to the extent provided by the agreement, make available to any other paying agent or trustee for an obligation of the same or a different series of obligations to be refunded, paid, or redeemed, the amounts required by the terms of the obligation to pay or redeem the principal of and interest on the obligation when due.