Sec. 2306.472.  DEPARTMENT'S BONDS OTHER THAN GENERAL OBLIGATION BONDS NOT OBLIGATIONS OF THE STATE.  Except for bonds authorized by the Texas Constitution and issued under Section 2306.352, the department's bonds:
(1)  are solely obligations of the department and are payable solely from funds of the housing finance division;
(2)  are not an obligation, debt, or liability of the state;  and
(3)  do not create or constitute a pledge, giving, or lending of the faith, credit, or taxing power of the state.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.