Tex. Gov't Code Section 489.259
Administration of Fund

The bank shall administer the fund. In administering the fund and this subchapter, the bank has the powers necessary to carry out the purposes of this subchapter, including the power to:


make, execute, and deliver contracts, conveyances, and other instruments; and


impose charges and provide for reasonable penalties for delinquent payments or performance in connection with any transaction.
Added by Acts 2021, 87th Leg., R.S., Ch. 947 (S.B. 1465), Sec. 1, eff. June 18, 2021.

Source: Section 489.259 — Administration of Fund, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­489.­htm#489.­259 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 489.259’s source at texas​.gov