Financing Arrangement Authorized; Limits

Sec. 2210.632. FINANCING ARRANGEMENT AUTHORIZED; LIMITS. (a) The association may enter into a financing arrangement with this state as provided by Section 404.0242, Government Code, and in accordance with this subchapter: (1) before a catastrophic event, for not more than $500 million; and (2) after a catastrophic event that depletes the catastrophe reserve trust fund, for not more than $1 billion. (b) The amount available under Subsection (a)(2) is reduced by the amount of any outstanding pre-event or post-event financing obtained by the association under this section. Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff. September 1, 2025.