Sec. 2259.031. ESTABLISHMENT OF FUND    


Latest version.
  • (a) A governmental unit may establish a self-insurance fund to protect the governmental unit and its officers, employees, and agents from any insurable risk or hazard.

    (b) The governmental unit may:

    (1) issue public securities and use the proceeds for all or part of the fund; or

    (2) use any money available to the governmental unit for the fund.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 5, eff. Sept. 1, 1999.