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Texas Constitution art. 3 §50

In force on Feb 16, 2022 · this text took effect (date not stated) · same as today's text

LOAN OR PLEDGE OF CREDIT OF THE STATE

The Legislature shall have no power to give or to lend, or to authorize the giving or lending, of the credit of the State in aid of, or to any person, association or corporation, whether municipal or other, or to pledge the credit of the State in any manner whatsoever, for the payment of the liabilities, present or prospective, of any individual, association of individuals, municipal or other corporation whatsoever. (Feb. 15, 1876.)

History:

Source: the Legislature's file server, seen Feb 16, 2022 to Nov 08, 2026.

Every version on file

Effective date not stated · seen Feb 2022–Nov 2026
Effective date not stated · seen Jul 2018–Dec 2019

Attorney General opinions that cite it

GA-0743 (May 28, 2009): VVhether Texas State Technical College (TSTC) can legally enter into a student loan program with a private lender, whereby TSTC and the private lender share the risk of students defaulting on the loans

A research copy. The official text is the Legislature's (statutes), the Secretary of State's (Texas Administrative Code) or eCFR's (federal rules). Not legal advice.