Texas § 15.211 INSURANCE FEES.

Texas Statutes

§ 15.211 — INSURANCE FEES.

Texas § 15.211

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This text of Texas § 15.211 (INSURANCE FEES.) 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. Water Code Code Ann. § 15.211 (2026).

Text

Sec. 15.211. INSURANCE FEES.

(a)The board shall adopt a schedule of fees to be charged an issuer for insurance coverage provided under this subchapter.

(b)Fees charged by the board under this section shall be calculated to provide a reasonable reserve against defaults and impending defaults.

(c)Fees collected under this section shall be deposited in a special reserve fund created in the state treasury for the purpose of paying amounts on default or impending default of any bonds without resorting to the general credit of the state. The board may invest any money credited to the reserve fund in investments authorized by law for state deposits.

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Sec. 15.211. INSURANCE FEES. (a) The board shall adopt a schedule of fees to be charged an issuer for insurance coverage provided under this subchapter.
(b) Fees charged by the board under this section shall be calculated to provide a reasonable reserve against defaults and impending defaults.
(c) Fees collected under this section shall be deposited in a special reserve fund created in the state treasury for the purpose of paying amounts on default or impending default of any bonds without resorting to the general credit of the state. The board may invest any money credited to the reserve fund in investments authorized by law for state deposits.

Legislative History

Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05. Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 8, eff. Sept. 1, 1987; Acts 1989, 71st Leg., ch. 308, Sec. 1, eff. June 14, 1989.