Texas § 2203.357 CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS.

Texas Statutes

§ 2203.357 — CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS.

Texas § 2203.357

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This text of Texas § 2203.357 (CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2203.357 (2026).

Text

Sec. 2203.357. CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS.

(a)In a bond resolution, the board may:

(1)provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the bonds, including an interest and sinking fund account, a reserve account, and other accounts; and

(2)make additional covenants with regard to the bonds and the designated income and receipts of the association pledged to the payment of the bonds.

(b)The association shall administer the accounts in accordance with this chapter.

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Sec. 2203.357. CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS. (a) In a bond resolution, the board may:
(1) provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the bonds, including an interest and sinking fund account, a reserve account, and other accounts; and
(2) make additional covenants with regard to the bonds and the designated income and receipts of the association pledged to the payment of the bonds.
(b) The association shall administer the accounts in accordance with this chapter.