reglab/housing_qa huggingface dataset:
TX Educ Code § 52.82 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.82. Issuance; Sale

Sec. 52.82.  ISSUANCE;  SALE.(a)  The board may by resolution authorize the issuance of general obligation bonds.  The principal amount of outstanding bonds issued under this section must at all times be equal to or less than the amount provided by Section 50b-7, Article III, Texas Constitution.(b)  Before the board may issue bonds under this subchapter, the Bond Review Board must review and approve the bonds under Chapter 1231, Government Code.(c)  The board may sell the bonds at a negotiated sale if the board determines that a negotiated sale is a more efficient and economical method of selling the bonds.  If the board has determined that the bonds will be sold by competitive bid, the board by resolution shall prescribe the manner of giving notice of the sale.(d)  The total amount of bonds issued by the board in a state fiscal year may not exceed $350 million.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.  Amended by Acts 1995, 74th Leg., ch. 300, Sec. 4;  Acts 1999, 76th Leg., ch. 144, Sec. 4;  Acts 2001, 77th Leg., ch. 1420, Sec. 8.215, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 779, Sec. 2, eff. June 20, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1334 (S.B. 1640), Sec. 4.Acts 2007, 80th Leg., R.S., Ch. 1334 (S.B. 1640), Sec. 6(d), eff. September 1, 2007.Acts 2011, 82nd Leg., R.S., Ch. 1251 (S.B. 1799), Sec. 4.|
TX Educ Code § 52.83 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.83. Terms

Sec. 52.83.  TERMS.  (a)  Except as provided by this subchapter, the board by resolution may provide the terms and name of the bonds.(b)  The bonds must be dated and bear interest at a rate or rates prescribed by the board in accordance with the resolution for the issuance of the bonds, except that the rate may not exceed the maximum net effective rate allowed by law.  The resolution may provide for:(1)  any type of rate, including a fixed, variable, floating, or adjustable rate;  and(2)  any arrangement for the periodic determination of interest rates, including a formula, index, or contract.(c)  The bonds must mature serially or otherwise not later than the 40th year after the date of their issuance.(d)  The bonds may have a different face value from other bonds issued by the board.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.  Amended by Acts 1993, 73rd Leg., ch. 571, Sec. 12, eff. Aug. 30, 1993.|
TX Educ Code § 52.84 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.84. Execution; Registration

Sec. 52.84.  EXECUTION;  REGISTRATION.  The resolution authorizing the issuance of the bonds may provide for the manner of execution and for the registration of ownership of the bonds.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.|
TX Educ Code § 52.85 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.85. Marketing; Distribution

Sec. 52.85.  MARKETING;  DISTRIBUTION.  (a)  The board shall coordinate the marketing and distribution of the bonds.(b)  The board may use its staff to market and distribute the bonds or may contract with another entity to market and distribute the bonds.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.|
TX Educ Code § 52.86 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.86. Approval and Registration

Sec. 52.86.  APPROVAL AND REGISTRATION.  (a)  The attorney general shall examine the bonds and the records relating to the bonds' issuance.(b)  If the attorney general finds that the bonds have been issued in accordance with law, the attorney general shall approve the bonds, and the comptroller of public accounts shall register the bonds.(c)  Following approval and registration, the bonds are incontestable and are binding obligations according to their terms.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.|
TX Educ Code § 52.87 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.87. Mandamus

Sec. 52.87.  MANDAMUS.  The performance of official duties prescribed by this subchapter and by former Section 50b-3 and Sections 50b-4, 50b-5, 50b-6, and 50b-7, Article III, Texas Constitution, in reference to the payment of the bonds, may be enforced in a court of competent jurisdiction by mandamus or other appropriate proceedings.|Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1251 (S.B. 1799), Sec. 5.|
TX Educ Code § 52.88 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.88. Replacement of Bond

Sec. 52.88.  REPLACEMENT OF BOND.  The board may provide for the replacement of a bond that is mutilated, lost, or destroyed.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.|
TX Educ Code § 52.89 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.89. Fund

Sec. 52.89.  FUND.  (a)  A special fund to be known as the student loan auxiliary fund is created in the state treasury.(b)  The fund consists of proceeds from the sale of the bonds deposited in accordance with this section, gifts or grants made to the board for purposes of the fund, and deposits made as authorized by this chapter.(c)  The board shall deposit to the credit of the fund any proceeds from the sale of bonds, excluding:(1)  any accrued interest on the bonds which shall be deposited in the board interest and sinking fund relating to the bonds; and(2)  proceeds from the sale of bonds issued by the board under Section 56.464(b), as that subsection existed immediately before September 1, 2015.(c-1)  Repealed by Acts 2015, 84th Leg., R.S., Ch. 1243 , Sec. 8(1), eff. September 1, 2015.(d)  The board by resolution may create and provide the terms of the administration and use of an interest and sinking account or other accounts in the fund.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.  Amended by Acts 1993, 73rd Leg., ch. 571, Sec. 13, eff. Aug. 30, 1993;  Acts 2003, 78th Leg., ch. 779, Sec. 3, eff. June 20, 2003.Amended by: Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 1, eff. September 1, 2015.Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 8(1), eff. September 1, 2015.|
TX Educ Code § 52.90 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.90. Loans From Fund

Sec. 52.90.  LOANS FROM FUND.(a)  The board  shall make a loan from the fund to a student who qualifies for a loan under Subchapter C.(b)  Loans from the fund are governed by Subchapter C.(c)  The board may charge and collect a loan origination fee from a person who receives a loan from the fund.  The board may use the fee to pay operating expenses for making loans under this section.|Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 5, Sec. 1.  Amended by Acts 2003, 78th Leg., ch. 779, Sec. 4, eff. June 20, 2003.Amended by: Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 2, eff. September 1, 2015.|
TX Educ Code § 52.91 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 52 - Student Loan Program|Subchapter F. Additional Bonds|Section 52.91. Bonds for Former Texas B-on-Time Student Loan Program

Sec. 52.91.  BONDS FOR FORMER TEXAS B-ON-TIME STUDENT LOAN PROGRAM.(a)  The board shall deposit to the credit of the Texas B-On-time student loan account established under Section 56.0092 any proceeds from the sale of bonds issued by the board to fund Texas B-On-time student loans under Section 56.464(b), as that subsection existed immediately before September 1, 2015, other than  accrued interest on the bonds, which shall be deposited to the credit of the interest and sinking fund related to the bonds.(b)  Repealed by Acts 2015, 84th Leg., R.S., Ch. 1243 , Sec. 8(1), eff. September 1, 2015.(c)  The board shall repay bonds described by Subsection (a) using proceeds from the bonds, legislative appropriations, and money collected by the board as repayment for Texas B-On-time student loans awarded by the board under Section 56.0092(c) for a semester or term occurring before the 2020 fall semester.  The board may also repay the bonds by using tuition set aside under Section 56.465, as that section existed immediately before September 1, 2015, for a semester or term occurring before the 2015 fall semester.  The board may not repay the bonds with money collected by the board as repayment for student loans awarded by the board under Subchapter C.|Added by Acts 2003, 78th Leg., ch. 779, Sec. 4, eff. June 20, 2003.Amended by: Acts 2005, 79th Leg., Ch. 1181 (S.B. 1227), Sec. 9, eff. September 1, 2005.Acts 2005, 79th Leg., Ch. 1230 (H.B. 1172), Sec. 2, eff. June 18, 2005.Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 3, eff. September 1, 2015.Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 4, eff. September 1, 2015.Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 8(1), eff. September 1, 2015.|
TX Educ Code § 53.01 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter A. General Provisions|Section 53.01. Short Title

Sec. 53.01.  SHORT TITLE.  This chapter may be cited as the Higher Education Facility Authority for Public Schools Act.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.11 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter B. Administrative Provisions|Section 53.11. Creation of Authority

Sec. 53.11.  CREATION OF AUTHORITY.  When the governing body of a city finds that it is to the best interest of the city and its inhabitants to create a higher education facility authority, it shall pass an ordinance creating the authority and designating the name by which it shall be known.  If the governing bodies of two or more cities find that it is to the best interest of the cities to create an authority to include those cities, each governing body shall pass an ordinance creating the authority and designating the name by which it shall be known.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.12 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter B. Administrative Provisions|Section 53.12. Territory

Sec. 53.12.  TERRITORY.  The authority comprises only the territory included within the boundaries of the city or cities creating it.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.13 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter B. Administrative Provisions|Section 53.13. Corporate Powers

Sec. 53.13.  CORPORATE POWERS.  An authority is a body politic and corporate having the power of perpetual succession.  It shall have a seal; it may sue and be sued; and it may make, amend, and repeal its bylaws.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.131 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter B. Administrative Provisions|Section 53.131. Authority's Earnings

Sec. 53.131.  AUTHORITY'S EARNINGS.  A private person may not share in any of an authority's earnings.|Added by Acts 1983, 68th Leg., p. 861, ch. 200, Sec. 3, eff. Aug. 29, 1983.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.14 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter B. Administrative Provisions|Section 53.14. Board of Directors

Sec. 53.14.  BOARD OF DIRECTORS.  (a)  The authority shall be governed by a board of directors consisting of not less than 7 nor more than 11 members to be determined at the time of creating the authority.  The directors shall be appointed by the governing body of the city or by the governing bodies of the cities, and they shall serve until their successors are appointed as provided by this section.  If the authority includes more than one city, each governing body shall appoint an equal number of directors unless otherwise agreed by the cities.(b)  The members of the board serve for two-year terms.(c)  No officer or employee of any such city is eligible for appointment as a director.  Directors are not entitled to compensation for services but are entitled to reimbursement for expenses incurred in performing such service.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1983, 68th Leg., p. 861, ch. 200, Sec. 4, eff. Aug. 29, 1983.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.15 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter B. Administrative Provisions|Section 53.15. Organization of Board; Quorum; Employees; Counsel

Sec. 53.15.  ORGANIZATION OF BOARD; QUORUM; EMPLOYEES; COUNSEL.  (a)  The board shall elect from among its members a president and vice president, and shall elect a secretary and a treasurer who may or may not be directors, and may elect other officers as authorized by the authority's bylaws.  The offices of secretary and treasurer may be combined.(b)  The president has the same right to vote on all matters as other members of the board.(c)  A majority constitutes a quorum, and when a quorum is present action may be taken by a majority vote of directors present.(d)  The board may employ a manager or executive director of the facilities and other employees, experts, and agents as it sees fit.  It may delegate to the manager the power to employ and discharge employees.(e)  The board may employ legal counsel.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.31 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter C. Powers and Duties|Section 53.31. No Taxing Power

Sec. 53.31.  NO TAXING POWER.  An authority has no power to tax.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.32 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter C. Powers and Duties|Section 53.32. No Power of Eminent Domain

Sec. 53.32.  NO POWER OF EMINENT DOMAIN.  The authority does not have the power of eminent domain.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.33 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter C. Powers and Duties|Section 53.33. Limited Power to Acquire, Own, and Operate Educational and Housing Facilities

Sec. 53.33.  LIMITED POWER TO ACQUIRE, OWN, AND OPERATE EDUCATIONAL AND HOUSING FACILITIES.  (a)  An authority or a nonprofit instrumentality created under Section 53.35(b) may acquire, own, hold title to, lease, or operate an educational facility or housing facility or any facility incidental, subordinate, or related to or appropriate in connection with an educational facility or housing facility, but only if:(1)  the facility is or will be located within the corporate limits of the city that created the authority or nonprofit instrumentality;(2)  the governing body of an institution of higher education officially requests the authority or nonprofit instrumentality to acquire and own the facility for the benefit of the institution of higher education;(3)  the institution of higher education officially agrees to accept, and has authority to receive legal title to, the facility not later than the date on which any bonds or other obligations issued to acquire the facility are paid in full; and(4)  the ownership of the facility by the authority or the nonprofit instrumentality is approved by official action of the governing body of:(A)  the city that created the authority or nonprofit instrumentality;(B)  the school district in which the facility is or will be located; and(C)  the county in which the facility is or will be located.(b)  An authority or instrumentality that exercises the powers granted by Subsection (a) may contract for the operation of the facility by public or private entities or persons on the terms and conditions set forth in a contract relating to the operation of the facility.(c)  The changes in law made by the amendment of this section by the 78th Legislature, Regular Session, 2003, do not affect the acquisition, ownership, construction, or improvement of a facility, or the acquisition and ownership of land that were approved by official action of the authority or nonprofit corporate instrumentality before March 15, 2003, and the law in effect immediately before the effective date of the amendment of this section by the 78th Legislature, Regular Session, 2003, is continued in effect for that purpose.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1983, 68th Leg., p. 862, ch. 200, Sec. 5, eff. Aug. 29, 1983;  Acts 2003, 78th Leg., ch. 1266, Sec. 1.06, eff. June 20, 2003;  Acts 2003, 78th Leg., ch. 1310, Sec. 8, eff. June 20, 2003.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.331 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter C. Powers and Duties|Section 53.331. Refinancing Facilities

Sec. 53.331.  REFINANCING FACILITIES.  The authority may refinance any educational or housing facility acquired, constructed, or improved.|Added by Acts 1983, 68th Leg., p. 863, ch. 200, Sec. 6, eff. Aug. 29, 1983.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.|
TX Educ Code § 53.35 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter C. Powers and Duties|Section 53.35. Issuance of Bonds; Procedure; Etc

Sec. 53.35.  ISSUANCE OF BONDS; PROCEDURE; ETC.  (a)  The bonds shall be authorized by resolution adopted by a majority vote of a quorum of the board.  Bonds authorized under this section shall be issued in accordance with Chapter 1201, Government Code.  The bonds shall mature serially or otherwise in not to exceed 50 years.  The rate of interest to be borne by the bonds shall not exceed the maximum rate prescribed by Chapter 1204, Government Code.(b)  In addition to or in lieu of establishing an authority under the provisions of this chapter, the governing body of a city or cities may request or order created one or more nonprofit corporations to act on its behalf and as its duly constituted authority and instrumentality to exercise the powers granted to an authority under the provisions of Sections 53.33 and 53.34.  If a nonprofit corporation is created for such purposes or agrees to such request, the directors thereof shall thereafter be appointed and be subject to removal by the governing body of the city or cities.  In addition to the powers granted under, and subject to the limitations provided by, Sections 53.33 and 53.34, the corporation shall have all powers granted under the Texas Non-Profit Corporation Act for the purpose of aiding institutions of higher education in providing educational facilities and housing facilities and facilities incidental, subordinate, or related thereto or appropriate in connection therewith.  In addition to Sections 53.33 and 53.34 and the Texas Non-Profit Corporation Act, as amended (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes), Sections 53.131, 53.14, 53.15, 53.31, 53.32, 53.331, 53.34, 53.35, 53.38, 53.40, and 53.41 of this code apply to and govern such corporation and its procedures, bonds, and other obligations.|Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.  Amended by Acts 1983, 68th Leg., p. 863, ch. 200, Sec. 8, eff. Aug. 29, 1983;  Acts 1987, 70th Leg., ch. 659, Sec. 2, eff. June 18, 1987;  Acts 2001, 77th Leg., ch. 1420, Sec. 8.216, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 1266, Sec. 1.08, eff. June 20, 2003;  Acts 2003, 78th Leg., ch. 1310, Sec. 10, eff. June 20, 2003.Reenacted and amended by Acts 2005, 79th Leg., Ch. 641 (H.B. 2701), Sec. 1, eff. September 1, 2005.Amended by: Acts 2009, 81st Leg., R.S., Ch. 849 (S.B. 2240), Sec. 1, eff. June 19, 2009.|
TX Educ Code § 53.352 (2021)
2021 Texas Statutes|Education Code|Title 3 - Higher Education|Subtitle A - Higher Education in General|Chapter 53 - Higher Education Facility Authorities for Public Schools|Subchapter C. Powers and Duties|Section 53.352. Limitation on Liability of Corporation

Sec. 53.352.  LIMITATION ON LIABILITY OF CORPORATION.  A director, officer, or employee of the nonprofit corporation established by the Texas Public Finance Authority under Section 53.351 is not personally liable:(1)  for damage, loss, or injury resulting from the performance of the person's duties under Section 53.351; or(2)  on any commitment or agreement executed on behalf of the corporation under Section 53.351.|Added by Acts 2015, 84th Leg., R.S., Ch. 800 (H.B. 2851), Sec. 2, eff. June 17, 2015.|