Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 10. GENERAL GOVERNMENT |
Subtitle F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT |
Chapter 2259. SELF-INSURANCE BY GOVERNMENTAL UNITS |
Subchapter B. SELF-INSURANCE FUND |
Sec. 2259.031. ESTABLISHMENT OF FUND
Latest version.
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(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.