Tex. Agric. Code Section 58.074
State Liability Prohibited


The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made under this subchapter. A delay in payment or default on a loan by a borrower does not affect the validity of the deposit agreement. Linked deposits are not an extension of the state’s credit within the meaning of any state constitutional prohibition.
Added by Acts 2009, 81st Leg., R.S., Ch. 506 (S.B. 1016), Sec. 1.16, eff. September 1, 2009.

Source: Section 58.074 — State Liability Prohibited, https://statutes.­capitol.­texas.­gov/Docs/AG/htm/AG.­58.­htm#58.­074 (accessed Jun. 5, 2024).

58.001
Short Title
58.002
Definitions
58.003
Venue
58.011
Creation of Authority
58.012
Board of Directors
58.013
Officers
58.014
Meetings
58.015
Administration
58.016
Fiscal Accounting of Administration
58.017
Performance Measures
58.021
Purposes of Authority
58.022
Powers of Authority
58.023
Programs Rules
58.024
Authority Exemption from Taxation
58.025
Public Hearings
58.026
Limitation of Liability for Certain Recreational Activities
58.031
Issuance of General Obligation Bonds
58.032
Texas Agricultural Fund
58.033
Issuance of Revenue Bonds
58.034
General Provisions Relating to Bonds
58.035
Refunding Bonds
58.036
Payment Enforceable by Mandamus
58.037
Bonds as Investments
58.038
Tax Status of Bonds
58.039
Review Board
58.040
Considerations in Financing
58.041
Issuance of Debt by Texas Public Finance Authority
58.051
Definitions
58.052
Agricultural Loan Guarantee Program
58.053
Application for Loan Guarantee
58.054
Board Consideration of Loan Guarantee Application
58.055
Default
58.056
Money for Loan Guarantee Program
58.071
Definitions
58.072
Young Farmer Interest Rate Reduction Program
58.073
Compliance
58.074
State Liability Prohibited
58.075
Limitations in Program
58.091
Grant Program
58.092
Eligibility
58.093
Amount of Grants
58.094
Applications
58.095
Funding
58.0171
Review of Department Plans and Budget Request
58.0172
Board Conflict of Interest
58.0173
Removal of Board Member
58.0174
Standards of Conduct
58.0175
Separation of Responsibilities
58.0176
Board Member Training
58.0177
Appointed Member Preparation Program
58.0211
Loan Limits

Accessed:
Jun. 5, 2024

§ 58.074’s source at texas​.gov