Texas Water Code § 51.320 Loans For Maintenance And Operating Expenses

Sec. 51.320. LOANS FOR MAINTENANCE AND OPERATING EXPENSES. The board may borrow money to pay maintenance and operating expenses at an interest rate of not more than 10 percent a year and may pledge as security any of its notes or contracts with water users or accounts against them.

Acts 1971, 62nd Leg., p. 328, ch. 58, Sec. 1, eff. Aug. 30, 1971.

Section: Previous  51.313  51.314  51.315  51.316  51.317  51.318  51.319  51.320  51.321  51.331  51.332  51.333  51.334  51.335  51.336  Next

Last modified: September 28, 2016