Tex. Labor Code Section 203.260
State Not to Impair Bond Obligations


If bonds under this subchapter are outstanding, the state may not:

(1)

take action to limit or restrict the rights of the commission to fulfill its responsibility to pay bond obligations; or

(2)

in any way impair the rights and remedies of the bond owners until the bonds are fully discharged.
Added by Acts 2003, 78th Leg., ch. 317, Sec. 5, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.05, eff. June 20, 2003.

Source: Section 203.260 — State Not to Impair Bond Obligations, https://statutes.­capitol.­texas.­gov/Docs/LA/htm/LA.­203.­htm#203.­260 (accessed May 18, 2024).

203.001
Definitions
203.002
Duties of Comptroller
203.003
Comptroller’s Bond Liability
203.004
Deposit of Funds
203.005
Application of Other Law
203.021
Unemployment Compensation Fund
203.022
Composition and Use of Clearing Account
203.023
Requisitions from Federal Trust Fund
203.024
Deposits
203.025
Use of Requisitioned Money
203.026
Accounts from Which Benefits and Refunds Are Paid
203.027
Unexpended Balance of Benefit Account
203.028
Solvency of Compensation Fund
203.029
Refund of Contributions to Federal Instrumentality
203.030
Reimbursement from or to Compensation Fund Under Reciprocal Arrangement
203.031
Nonliability of State
203.032
Management of Compensation Fund on Discontinuance of Federal Trust Fund
203.101
Limit on Application for Advance
203.102
Obligation Trust Fund
203.104
Limitation on Transfer from Obligation Trust Fund to Compensation Fund
203.105
Unemployment Obligation Assessment
203.151
Administration Fund
203.152
Use of Administration Fund
203.154
Reimbursement of Administration Fund
203.201
Special Administration Fund
203.202
Use of Special Administration Fund
203.203
Refund of Penalties
203.251
Findings and Purpose
203.252
Definitions
203.253
Request for Bond Issuance
203.254
Issuance of Bonds by Authority
203.255
Bond Proceeds
203.256
Repayment of Commission’s Financial Obligations
203.257
Bond Payments
203.258
Excess Revenue Collections and Investment Earnings
203.259
State Debt Not Created
203.260
State Not to Impair Bond Obligations
203.261
Exemption from Taxation
203.262
No Personal Liability

Accessed:
May 18, 2024

§ 203.260’s source at texas​.gov