Texas § 2210.6325 REQUEST TO ENTER INTO FINANCING ARRANGEMENT.

Texas Statutes

§ 2210.6325 — REQUEST TO ENTER INTO FINANCING ARRANGEMENT.

Texas § 2210.6325

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This text of Texas § 2210.6325 (REQUEST TO ENTER INTO FINANCING ARRANGEMENT.) 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. § 2210.6325 (2026).

Text

Sec. 2210.6325. REQUEST TO ENTER INTO FINANCING ARRANGEMENT.

(a)The association may submit a request to the comptroller to enter into a financing arrangement as authorized by Section 404.0242 , Government Code. The request must include the association's requested maximum principal amount and maximum term of the arrangement.

(b)The association and the comptroller may agree to increase the maximum principal amount stated in a request submitted under Subsection (a) on a showing that a greater principal amount is needed to:

(1)pay the costs related to the issuance of the financing arrangement;

(2)provide for a debt service reserve fund; or

(3)capitalize interest for a period equal to the lesser of:

(A)a period determined necessary by the association; or

(B)six months.

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Sec. 2210.6325. REQUEST TO ENTER INTO FINANCING ARRANGEMENT. (a) The association may submit a request to the comptroller to enter into a financing arrangement as authorized by Section 404.0242 , Government Code. The request must include the association's requested maximum principal amount and maximum term of the arrangement.
(b) The association and the comptroller may agree to increase the maximum principal amount stated in a request submitted under Subsection (a) on a showing that a greater principal amount is needed to:
(1) pay the costs related to the issuance of the financing arrangement;
(2) provide for a debt service reserve fund; or
(3) capitalize interest for a period equal to the lesser of:
(A) a period determined necessary by the association; or
(B) six months.