SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 17.001 - Definitions
In this chapter: (1) "Board" means the Texas Water Development Board. (2) "Commission" means the Texas Natural Resource Conservation Commission. (3) "Executive administrator" means the...
- Texas Section 17.002 - Open Meetings And Open Records Laws
Nonprofit water supply corporations which receive any assistance under this chapter are subject to Chapter 551, Government Code, and to Chapter 552, Government Code. Added...
SUBCHAPTER B WATER DEVELOPMENT BONDS
- Texas Section 17.003 - Bond Review
(a) Bonds may not be issued under this chapter after January 1, 1988, and proceeds of bonds issued after January 1, 1988, may not be...
- Texas Section 17.011 - Issuance Of Water Development Bonds
(a) The board, by resolution, from time to time may provide for the issuance of negotiable bonds in an aggregate amount not to exceed $400...
- Texas Section 17.0111 - Dedication Of Certain Bonds
No more than $250 million in principal amount of bonds authorized by Article III, Section 49-d-7, of the Texas Constitution, and issued under either that...
- Texas Section 17.0112 - Authorization Of Certain Bonds For Financial Assistance
(a) The board may issue not more than $25 million in bonds dedicated under Section 17.0111 of this code and may issue not more than...
- Texas Section 17.012 - Description Of Bonds
The bonds shall be on a parity and shall be called Texas Water Development Bonds. The board may issue them in one or several installments...
- Texas Section 17.013 - Sale Price Of Bonds
The board may sell an installment or series of bonds at prices determined by the board. Amended by Acts 1977, 65th Leg., p. 2207, ch....
- Texas Section 17.014 - Interest On Bonds
(a) The bonds of each issue shall bear interest payable annually or semiannually at the option of the board. (b) The board may authorize bonds...
- Texas Section 17.015 - Form, Denomination, Place Of Payment
The board shall: (1) determine the form of the bonds, including the form of any interest coupons to be attached; (2) fix the denomination of...
- Texas Section 17.016 - Maturity Of Bonds
The bonds of each issue shall mature, serially or otherwise, not more than 50 years from their date of issuance. Amended by Acts 1977, 65th...
- Texas Section 17.017 - Redemption Before Maturity
In the resolution providing for the issuance of bonds, the board may fix the price, terms, and conditions for redemption of bonds before maturity. Amended...
- Texas Section 17.018 - Registered And Bearer Bonds
The resolution may provide for registration of the bonds as to ownership, successive conversion and reconversion from registered to bearer bonds, and successive conversion and...
- Texas Section 17.019 - Notice Of Bond Sale
After the board decides to call for bids for the sale of bonds, the board shall publish an appropriate notice of the sale at least...
- Texas Section 17.020 - Competitive Bids
The board shall sell the bonds only after competitive bidding to the highest and best bidder. The board may reject any or all bids. Amended...
- Texas Section 17.021 - Security For Bids
The board shall require every bidder, except administrators of state funds, to include with the bid an exchange or cashier's check for a sum the...
- Texas Section 17.022 - Approval Of Bonds; Registration
Before bonds are delivered to the purchasers, the bonds and the record pertaining to their issuance shall be submitted to the attorney general for his...
- Texas Section 17.023 - Execution Of Bonds
The bonds shall be executed on behalf of the board as general obligations of the state in the following manner: the chairman of the board...
- Texas Section 17.024 - Facsimile Signatures And Seals
The resolution authorizing the issuance of an installment or series of bonds may prescribe the extent to which the board in executing the bonds and...
- Texas Section 17.025 - Signature Of Former Officer
If an officer whose manual or facsimile signature appears on a bond or whose facsimile signature appears on any coupon ceases to be an officer...
- Texas Section 17.026 - Bonds Incontestable
After approval by the attorney general, registration by the comptroller, and delivery to the purchasers, the bonds are incontestable and constitute general obligations of the...
- Texas Section 17.027 - Payment By Comptroller
The comptroller shall pay the principal of the bonds as they mature and the interest as it becomes payable. Amended by Acts 1977, 65th Leg.,...
- Texas Section 17.028 - Payment Enforceable By Mandamus
Payment of the bonds and performance of official duties prescribed by Article III, Sections 49-c, 49-d, 49-d-1, 49-d-2, 49-d-6, and 49-d-7, of the Texas Constitution...
- Texas Section 17.029 - Refunding Bonds
The board may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this chapter and their accrued interest. The...
- Texas Section 17.030 - Bonds Negotiable Instruments
The bonds issued under the provisions of this chapter are negotiable instruments under the laws of this state. Amended by Acts 1977, 65th Leg., p....
- Texas Section 17.031 - Bonds Not Taxable
Bonds issued under this chapter, the income from the bonds, and the profit made on their sale are free from taxation within the state. Amended...
- Texas Section 17.032 - Authorized Investments
Bonds issued under this chapter are legal and authorized investments for: (1) banks; (2) savings banks; (3) trust companies; (4) building and loan associations; (5)...
- Texas Section 17.033 - Security For Deposit Of Funds
Bonds issued under this chapter when accompanied by all appurtenant unmatured coupons are lawful and sufficient security for all deposits of funds of the state...
- Texas Section 17.034 - Mutilated, Lost, Destroyed Bonds
The board may provide for the replacement of any mutilated, lost, or destroyed bond. Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec....
SUBCHAPTER C FUNDING PROVISIONS
- Texas Section 17.035 - Subchapter Cumulative Of Other Laws
(a) This subchapter is cumulative of other laws on the subject, and the board may use provisions of other applicable laws in the issuance of...
- Texas Section 17.071 - Disposition Of Money Received
All money received by the board shall be deposited in the State Treasury and credited to the proper special fund as provided in this subchapter....
- Texas Section 17.072 - Development Fund
(a) The Texas Water Development Fund, referred to as the "development fund," is a special revolving fund in the State Treasury. (b) Except as provided...
- Texas Section 17.073 - Water Development And Economically Distressed Areas Clearance Funds
(a) The Texas Water Development Clearance Fund, referred to as the "clearance fund," is a special fund in the State Treasury. Transfers shall be made...
- Texas Section 17.074 - Interest And Sinking Fund
The Texas Water Development Bonds Interest and Sinking Fund, referred to as the "interest and sinking fund," is a special fund in the State Treasury...
- Texas Section 17.0741 - Economically Distressed Areas Interest And Sinking Fund
(a) The Economically Distressed Areas Interest and Sinking Fund is a special fund in the State Treasury to be used to pay debt service on...
- Texas Section 17.075 - Administrative Fund
The Texas Water Development Board Administrative Fund, referred to as the "administrative fund," is a special fund in the State Treasury. From sources specified in...
- Texas Section 17.076 - Combined Facilities Operation And Maintenance Fund
(a) The Combined Facilities Operation and Maintenance Fund is a special fund in the State Treasury. (b) Money received from the sale of water, standby...
- Texas Section 17.077 - Credits To Clearance Funds
(a) Except as provided by Subsection (b) of this section, and except for proceeds from the sale of bonds and proceeds from the sale, refunding,...
- Texas Section 17.078 - Transfers At End Of Fiscal Year
(a) Not later than 15 days after the end of each fiscal year, any money credited to the clearance fund at the end of the...
- Texas Section 17.079 - Transfers To Interest And Sinking Fund
(a) The board shall determine: (1) the amount of interest coming due on all bonds outstanding, except for those dedicated pursuant to Section 17.0111 of...
- Texas Section 17.0791 - Transfers To Economically Distressed Areas Interest And Sinking Fund
(a) The board shall determine: (1) the amount of interest coming due on all bonds outstanding dedicated pursuant to Section 17.0111 of this code; (2)...
- Texas Section 17.080 - Additional Funds For Payment Of Bonds
(a) If the amount transferred from the clearance fund plus the money and securities in the interest and sinking fund are insufficient to pay the...
- Texas Section 17.081 - Transfers To Administrative Fund
If money remains in the clearance fund or the economically distressed areas clearance fund after making the transfers provided in Section 17.079 of this code,...
- Texas Section 17.082 - Transfers To Development Fund
If money remains in the clearance fund or the economically distressed areas clearance fund after making the transfers provided in Sections 17.079, 17.0791, and 17.081...
- Texas Section 17.0821 - Transfers To Revolving Funds
(a) In order to meet requirements of Title VI of the Federal Water Pollution Control Act, the board may direct the comptroller to transfer amounts...
- Texas Section 17.083 - Investment Of Reserve Money
The board may invest any money credited to the development fund and not immediately required for its intended use and money in the interest and...
- Texas Section 17.084 - Limitation On Board Investment
The board is bound to the extent that the resolution authorizing the issuance of the bonds further restricts the investment of money in bonds of...
- Texas Section 17.085 - Sale Of Securities
All of the bonds and obligations owned in the interest and sinking fund, in the economically distressed areas interest and sinking fund, or in the...
- Texas Section 17.086 - Transfers To Be Made By Comptroller
The comptroller shall make the transfers required by this subchapter. Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987.
SUBCHAPTER D ASSISTANCE TO POLITICAL SUBDIVISIONS FOR WATER SUPPLY PROJECTS
- Texas Section 17.0871 - Sale Of Political Subdivision Bonds To The Texas Water Resources Finance Authority
(a) Notwithstanding any other provision of this chapter, the board may sell to the Texas Water Resources Finance Authority any political subdivision bonds purchased with...
- Texas Section 17.121 - Financial Assistance
The water supply account may be used by the board to provide financial assistance to political subdivisions for the construction, acquisition, or improvement of water...
- Texas Section 17.122 - Application For Assistance
(a) In an application to the board for financial assistance for a water supply project, the applicant shall include: (1) the name of the political...
- Texas Section 17.123 - Findings Regarding Permits
(a) The board shall not release funds for the construction of that portion of a project that proposes surface water or groundwater development until the...
- Texas Section 17.124 - Considerations In Passing On Applications
In passing on an application from a political subdivision for financial assistance for a water supply project, the board shall consider: (1) the needs of...
- Texas Section 17.1245 - Evaluation
(a) In passing on an application for financial assistance from a retail public utility that provides potable water service to 3,300 or more connections, the...
- Texas Section 17.125 - Approval Of Application
(a) The board by resolution may approve an application if, after considering the factors listed in Section 17.124 of this code and any other relevant...
- Texas Section 17.127 - Limitation On Use Of Funds
If there is insufficient money available to fund all applications under this subchapter, the board shall give preference to applications for political subdivisions that the...
SUBCHAPTER E PROVISIONS GENERALLY APPLICABLE TO FINANCIAL ASSISTANCE
- Texas Section 17.128 - Recreational Access
If the board is providing financial assistance for a water storage project, it must also find affirmatively that the applicant has a plan to provide...
- Texas Section 17.171 - Definition
In this subchapter, "project" includes water supply projects, treatment works, and flood control measures. Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff....
- Texas Section 17.172 - Applicability
This subchapter applies to financial assistance made available from the water supply account, the water quality enhancement account, the flood control account, and the economically...
- Texas Section 17.173 - Method Of Financial Assistance
The board may provide financial assistance by using money in the water supply account, the water quality enhancement account, the flood control account, and the...
- Texas Section 17.174 - Conditional Approval
The board may make binding commitments to provide financial assistance for any project in accordance with this code conditioned on the future availability of money...
- Texas Section 17.175 - Bond Maturity
The board may not purchase bonds or other securities which have a maturity date more than 50 years from the date of issuance. Amended by...
- Texas Section 17.176 - Interest Rate
(a) Except as provided in Subsection (b) of this section, bonds and securities purchased by the board on or after September 1, 1977, with money...
- Texas Section 17.1765 - Certification Of Application
Before the board may purchase bonds or other obligations issued by a political subdivision, the political subdivision must certify to the board that the application...
- Texas Section 17.177 - Approval And Registration
The board shall not purchase any bonds or securities that have not been approved by the attorney general and registered by the comptroller. Amended by...
- Texas Section 17.178 - Bonds Incontestable
The bonds or other securities issued by a political subdivision are valid, binding, and incontestable after: (1) approval by the attorney general; (2) registration by...
- Texas Section 17.179 - Security For Bonds
(a) Except as provided by Subsection (c) of this section, bonds purchased by the board shall be supported by: (1) all or part of the...
- Texas Section 17.181 - Sale Of Bonds By Board
The board may sell or dispose of bonds purchased with money in the water supply account, the water quality enhancement account, the flood control account,...
- Texas Section 17.182 - Proceeds From Sale
Unless used to pay debt service on bonds issued under this chapter, the proceeds from the sale of political subdivision bonds held by the board...
- Texas Section 17.183 - Construction Contract Requirements
(a) The governing body of each political subdivision receiving financial assistance from the board shall require in all contracts for the construction of a project:...
- Texas Section 17.184 - Filing Construction Contract
The political subdivision shall file with the board a certified copy of each construction contract it enters into for the construction of all or part...
- Texas Section 17.185 - Inspection Of Projects
(a) The board may inspect the construction of a project at any time to assure that the contractor is substantially complying with the approved engineering...
- Texas Section 17.186 - Alteration Of Plans
After the executive administrator approves of engineering plans, a political subdivision may not make any substantial or material alteration in the plans unless the executive...
- Texas Section 17.187 - Certificate Of Approval
The executive administrator may consider the following as grounds for refusal to give a certificate of approval for any construction contract: (1) failure to construct...
- Texas Section 17.188 - Obtaining Financial Assistance
(a) To obtain financial assistance under this chapter, a political subdivision may authorize and issue revenue bonds for the purpose of constructing projects and sell...
SUBCHAPTER F FINANCIAL ASSISTANCE FOR WATER QUALITY ENHANCEMENT PURPOSES
- Texas Section 17.189 - Considerations For Certain Financial Assistance
(a) If financial assistance is provided under Subchapter F, I, or K of this chapter, any treatment works to be financed under the application must...
- Texas Section 17.271 - Purpose
The purpose of this subchapter is to provide for making loans of water quality enhancement funds authorized by Article III, Sections 49-d-1, 49-d-2, 49-d-6, and...
- Texas Section 17.272 - Financial Assistance
The board may use water quality enhancement funds to provide financial assistance to political subdivisions for purposes of water quality enhancement. Amended by Acts 1987,...
- Texas Section 17.273 - Authority Of Political Subdivision
A political subdivision may apply to the board for financial assistance and may use water quality enhancement funds for construction of treatment works in the...
- Texas Section 17.274 - Application For Assistance
(a) In an application to the board for financial assistance for water quality enhancement purposes, the applicant shall include: (1) the name of the political...
- Texas Section 17.275 - Considerations In Passing On Application
In passing on an application from a political subdivision for financial assistance for water quality enhancement purposes, the board shall consider: (1) the water quality...
- Texas Section 17.276 - Action On Application
(a) After an application is received for financial assistance, the executive administrator shall submit the application to the board together with comments and recommendations concerning...
- Texas Section 17.277 - Approval Of Application
(a) The board by resolution may approve an application if, after considering the factors listed in Section 17.275 of this code and any other relevant...
- Texas Section 17.278 - Findings Regarding Permits
If an application includes a proposal for a wastewater treatment plant, the board may not deliver funds for the wastewater treatment plant until the applicant...
SUBCHAPTER G FINANCIAL ASSISTANCE FOR FLOOD CONTROL
- Texas Section 17.279 - Limitation On Use Of Funds
If there is insufficient money available to fund all applications under this subchapter, the board shall give preference to applications for political subdivisions that the...
- Texas Section 17.771 - Purpose
The purpose of this subchapter is to provide for making loans of flood control funds authorized by Article III, Sections 49-d-2, 49-d-6, and 49-d-7, of...
- Texas Section 17.772 - Financial Assistance
The board may use flood control funds to provide financial assistance to political subdivisions for purposes of structural and nonstructural flood control and the development...
- Texas Section 17.773 - Application For Assistance
In an application to the board for financial assistance for flood control purposes, the applicant shall include: (1) the name of the political subdivision and...
- Texas Section 17.774 - Considerations In Passing On Application
In passing on an application from a political subdivision for financial assistance for flood control purposes, the board shall consider: (1) the needs of the...
- Texas Section 17.775 - Action On Application
(a) After an application is received for financial assistance for flood control purposes, the executive administrator shall submit the application to the board together with...
SUBCHAPTER I REVENUE BOND PROGRAM
- Texas Section 17.776 - Approval Of Application
The board by resolution may approve an application if, after considering the factors listed in Section 17.774 of this code and other relevant information, the...
- Texas Section 17.851 - Purpose
The purpose of this subchapter is to provide for the benefit of the public additional methods for financing the conservation and development of water resources...
- Texas Section 17.852 - Definitions
In this subchapter: (1) "Acquired obligations" means obligations of participants acquired under this subchapter. (2) "Acquired obligations resolution" means the resolution, order, ordinance, or similar...
- Texas Section 17.853 - Texas Water Resources Fund
(a) The Texas water resources fund is in the State Treasury. (b) The fund shall be administered by the board in accordance with this subchapter,...
- Texas Section 17.854 - Methods Of Financial Assistance
The board may use the fund to acquire obligations of political subdivisions in accordance with the purposes stated in Section 17.853 of this code. Added...
- Texas Section 17.855 - Financial Assistance By Acquisition Of Acquired Obligations
(a) In an application to the board for financial assistance through the acquisition of acquired obligations, the participant shall include: (1) the name of the...
- Texas Section 17.856 - Consideration In Passing On Application For Financial Assistance
In passing on an application for financial assistance for a participant, the board shall consider: (1) the needs of the area to be served by...
- Texas Section 17.857 - Approval Of Application
(a) The board by resolution may approve an application if the board finds: (1) that the public interest requires state participation in the project; and...
- Texas Section 17.858 - Acquisition Of Acquired Obligations
(a) If the board approves an application for financial assistance under this subchapter and is to purchase acquired obligations from a participant, the acquired obligations...
SUBCHAPTER J AGRICULTURAL WATER CONSERVATION BOND PROGRAM
- Texas Section 17.859 - Issuance Of Revenue Bonds By The Board
(a) The board may issue its revenue bonds for the purpose of providing money for the fund, and the money in the fund shall be...
- Texas Section 17.871 - Definitions
In this subchapter: (1) "Bonds" means Texas agricultural water conservation bonds authorized by Article III, Section 50-d, of the Texas Constitution and issued as bonds,...
- Texas Section 17.872 - Issuance Of Bonds
The board by resolution may provide for the issuance of negotiable bonds, to be known as Texas agricultural water conservation bonds, in an aggregate principal...
- Texas Section 17.873 - Conditions For Issuance Of Bonds
(a) Bonds may be issued as various series and issues and shall be on a parity. (b) Bonds may mature serially or otherwise not later...
- Texas Section 17.874 - Periodic Determination Of Interest
A bond resolution or order may provide for payment of interest at any time or the periodic determination of interest rates or interest rate periods....
- Texas Section 17.875 - Persons Designated To Act As Agents Of Board
(a) A bond resolution or order may delegate authority to one or more officers, employees, or agents designated by the board to act on behalf...
- Texas Section 17.876 - Security Qualifications
The board may take any action necessary to qualify the bonds for offer and sale under the securities laws and regulations of the United States,...
- Texas Section 17.877 - Investment Securities
The bonds and any interest coupons are investment securities under Chapter 8, Business & Commerce Code, and may be issued registrable as to principal or...
- Texas Section 17.878 - Form Of Bonds
(a) The bonds may be issued in the form, denominations, and manner and under the terms, conditions, and details as provided by the board in...
- Texas Section 17.879 - Funds
(a) The bond proceeds shall be deposited in the state treasury to the credit of the fund. (b) In the resolution or order authorizing issuance...
- Texas Section 17.880 - Sale Of Securities
(a) Loans, bonds of political subdivisions, and other obligations owned by the state and deposited in the fund or in the interest and sinking fund...
- Texas Section 17.881 - Sale Of Obligations To Texas Water Resources Finance Authority
(a) Pursuant to Section 17.0871 and notwithstanding any other provision of this chapter, the board may sell to the Texas Water Resources Finance Authority any...
- Texas Section 17.882 - Resolutions, Orders, Etc
(a) The orders or resolutions of the board that provide for issuing bonds may include other provisions and covenants that the board determines necessary. (b)...
- Texas Section 17.883 - Bond Review Board
Bonds may not be issued under this subchapter unless the issuance of the bonds has been reviewed and approved by the bond review board. Prior...
- Texas Section 17.884 - Approval Of Attorney General
The proceedings relating to the bonds issued under this subchapter are subject to review and approval by the attorney general in the same manner and...
- Texas Section 17.885 - Bonds Incontestable
After approval of the proceedings relating to bonds issued under this subchapter by the attorney general, registration of the proceedings by the comptroller, and delivery...
- Texas Section 17.886 - Payment And Transfers By Comptroller
(a) The comptroller shall pay the principal of the bonds as they mature and the interest on the bonds as it becomes due. (b) If...
- Texas Section 17.887 - Refunding Bonds
(a) The board may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this chapter and accrued interest on...
- Texas Section 17.888 - Mutilated, Lost, Or Destroyed Bonds
The board may provide for the replacement of mutilated, lost, or destroyed bonds. Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept....
- Texas Section 17.889 - Eligible Security
The bonds are eligible to secure deposits of public funds of the state and cities, counties, school districts, and other political subdivisions of the state....
- Texas Section 17.890 - Legal Investments
The bonds are legal and authorized investments for: (1) banks; (2) savings banks; (3) trust companies; (4) savings and loan associations; (5) insurance companies; (6)...
- Texas Section 17.891 - Tax Exempt Bonds
Since the board is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under...
- Texas Section 17.892 - Enforcement By Mandamus
Payment of the bonds and performance of official duties prescribed by Article III, Section 50-d, of the Texas Constitution and this subchapter may be enforced...
- Texas Section 17.893 - Subchapter Cumulative Of Other Laws
(a) This subchapter is cumulative of other laws on the subject, and the board may use provisions of other applicable laws in the issuance of...
- Texas Section 17.894 - Bond Enhancement Agreements; Payment Of Expenses
(a) The board at any time and from time to time may enter into one or more bond enhancement agreements that the board determines to...
- Texas Section 17.895 - Sources Of Assets
The fund is composed of: (1) money and assets, including bond proceeds, attributable to the bonds; (2) investment income earned on money on deposit in...
- Texas Section 17.896 - Repayment Proceeds
The board shall designate a transfer of repayment of principal and interest on a loan made under this subchapter to the fund, the interest and...
- Texas Section 17.897 - Conservation Program
(a) A conservation program is: (1) an agricultural water conservation technical assistance program, including a program for an on-farm soil and water conservation plan developed...
- Texas Section 17.898 - Conservation Project
(a) A conservation project is a project that: (1) improves water use efficiency of water delivery and application on existing irrigation systems; (2) prepares irrigated...
- Texas Section 17.899 - Eligible Fund Uses
(a) Money in the fund, excluding money in the interest and sinking fund, may be used by the board to: (1) provide a grant to...
- Texas Section 17.900 - Grant To State Agency
(a) A state agency seeking a grant for a conservation program or conservation project must file an application with the board. (b) In reviewing an...
- Texas Section 17.901 - Grant Or Loan To Political Subdivision
The board may make a grant or loan to a political subdivision for a conservation program or conservation project. A political subdivision seeking a grant...
- Texas Section 17.902 - Review Of Application For And Approval Of Grant
(a) In reviewing an application by a political subdivision for a grant, the board shall consider: (1) the degree to which the political subdivision has...
- Texas Section 17.9021 - Application For And Approval Of Loan
(a) In reviewing an application by a political subdivision for a loan, the board shall consider the ability of the political subdivision to repay the...
- Texas Section 17.9022 - Financing Of Grant Or Loan For Political Subdivision; Default; Venue
The board may make a loan or grant available to a political subdivision in any manner the board considers economically feasible, including purchase of bonds...
- Texas Section 17.903 - Contract Authority
(a) A political subdivision may borrow money for the purposes of this subchapter and may adopt necessary rules to carry out this subchapter. (b) The...
- Texas Section 17.904 - Linked Deposit
A linked deposit is a deposit governed by a written deposit agreement between the board and an eligible lending institution that provides that: (1) the...
- Texas Section 17.905 - Linked Deposit Program
(a) The board by rule may establish an agricultural water conservation linked deposit program in accordance with this subchapter. (b) An eligible lending institution may...
- Texas Section 17.906 - Application By Eligible Lending Institutions To Participate In Linked Deposit Program
To participate in the agricultural water conservation linked deposit program, an eligible lending institution must: (1) solicit loan applications, which must contain a description of...
- Texas Section 17.907 - Approval Or Rejection Of Application
The board may approve or reject an application of an eligible lending institution to participate in the program. The board may delegate its authority to...
- Texas Section 17.908 - Deposit Agreement
If the board approves an application of an eligible lending institution, the board and the eligible lending institution shall enter into a written deposit agreement....
- Texas Section 17.909 - Compliance
(a) On accepting a linked deposit, an eligible lending institution must lend money to an approved applicant in accordance with the deposit agreement and this...
- Texas Section 17.910 - State Liability Prohibited
The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to...
- Texas Section 17.911 - Limitations On Program
(a) The maximum amount of a loan under the linked deposit program is $250,000. (b) The board may withdraw linked deposits from an eligible lending...
SUBCHAPTER K ASSISTANCE TO ECONOMICALLY DISTRESSED AREAS FOR WATER SUPPLY AND SEWER SERVICE PROJECTS
- Texas Section 17.912 - Rules
The board shall adopt rules necessary to carry out this subchapter. Applications shall be in the form and manner as provided by board rules. Added...
- Texas Section 17.921 - Definitions
In this subchapter: (1) "Economically distressed area" means an area in which: (A) water supply or sewer services are inadequate to meet minimal needs of...
- Texas Section 17.922 - Financial Assistance
(a) The economically distressed areas account may be used by the board to provide financial assistance to political subdivisions for the construction, acquisition, or improvement...
- Texas Section 17.9225 - Residential Water And Sewer Connection Assistance
(a) The legislature finds that, due to public health and sanitation concerns, it is in the public interest to use funds in the economically distressed...
- Texas Section 17.923 - County Eligibility For Financial Assistance
To be eligible for financial assistance under this subchapter, a county: (1) must have a per capita income that averaged 25 percent below the state...
- Texas Section 17.927 - Application For Financial Assistance
(a) A political subdivision may apply to the board for financial assistance under this subchapter by submitting an application together with a plan for providing...
- Texas Section 17.928 - Findings Regarding Permits
(a) The board shall not release funds for the construction of that portion of a project that proposes surface water or groundwater development until the...
- Texas Section 17.929 - Considerations In Passing On Application
(a) In passing on an application for financial assistance, the board shall consider: (1) the need of the economically distressed area to be served by...
- Texas Section 17.930 - Approval Or Disapproval Of Application
(a) The board may issue a decision to approve an application contingent on changes being made to the plan submitted with the application. (b) After...
- Texas Section 17.931 - Application Amendment
(a) A political subdivision may request the board in writing to approve a change to or a modification of the budget or project plan included...
- Texas Section 17.932 - Method Of Financial Assistance
(a) The board may provide financial assistance to political subdivisions by using money in the economically distressed areas account to purchase political subdivision bonds. (b)...
- Texas Section 17.933 - Terms Of Financial Assistance
(a) The board may use money in the economically distressed areas account to provide financial assistance to a political subdivision in the form of a...
- Texas Section 17.934 - Sewer Connections
(a) Notwithstanding any other law, a political subdivision that is located in a county in which a political subdivision has received financial assistance under this...
- Texas Section 17.935 - Grant Standards
The Uniform Grant and Contract Management Act of 1981 (Article 4413(32g), Vernon's Texas Civil Statutes) does not apply to financial assistance provided under this subchapter....
SUBCHAPTER L WATER FINANCIAL ASSISTANCE BOND PROGRAM
- Texas Section 17.936 - Recovery Of Economically Distressed Area Impact Fees
(a) It is the intent of the legislature that a private developer not unduly benefit from the expenditure by the state of public funds on...
- Texas Section 17.951 - Definitions
In this subchapter: (1) "Fund" means the Texas Water Development Fund II. (2) "Resolution" means any resolution or order approved by the board authorizing the...
- Texas Section 17.952 - Issuance Of Water Financial Assistance Bonds
The board by resolution may provide for the issuance of water financial assistance bonds, which shall be general obligation bonds of the state, in an...
- Texas Section 17.953 - Conditions For Issuance Of Water Financial Assistance Bonds
(a) Water financial assistance bonds may be issued as various series and issues. (b) Water financial assistance bonds may mature, serially or otherwise, not later...
- Texas Section 17.954 - Bond Enhancement Agreements; Payment Of Expenses
(a) The board at any time and from time to time may enter into one or more bond enhancement agreements that the board determines to...
- Texas Section 17.955 - Persons Designated To Act As Agents Of Board
(a) In the resolution the board may delegate authority to one or more officers, employees, or agents designated by the board to act on behalf...
- Texas Section 17.956 - Texas Water Development Fund II
The fund is a special fund in the state treasury, and all water financial assistance bond proceeds shall be deposited in the state treasury to...
- Texas Section 17.957 - State Participation Account
(a) The Texas Water Development Fund II state participation account, referred to as the "state participation account," is an account established within the fund in...
- Texas Section 17.958 - Economically Distressed Areas Program Account
(a) The Texas Water Development Fund II economically distressed areas program account, referred to as the "economically distressed areas program account," is an account established...
- Texas Section 17.959 - Financial Assistance Account
(a) The Texas Water Development Fund II water financial assistance account, referred to as the "financial assistance account," is an account established within the fund...
- Texas Section 17.960 - Bond Resolutions
(a) In the resolution, the board may make additional covenants with respect to water financial assistance bonds and may provide for: (1) the flow of...
- Texas Section 17.961 - Transfers To Revolving Funds
(a) In order to implement and administer a revolving loan program established under Title VI of the Federal Water Pollution Control Act (33 U.S.C. Section...
- Texas Section 17.9615 - Transfers To Rural Water Assistance Fund
(a) The board may direct the comptroller to transfer amounts from the financial assistance account to the rural water assistance fund to provide financial assistance...
- Texas Section 17.9616 - Transfer To Water Infrastructure Fund
(a) The board may direct the comptroller to transfer amounts from the financial assistance account to the water infrastructure fund to provide financial assistance under...
- Texas Section 17.9617 - Transfers To State Water Implementation Revenue Fund For Texas
(a) The board may direct the comptroller to transfer money or other assets from an account in the fund, including from the financial assistance account...
- Texas Section 17.962 - State Approvals
(a) Water financial assistance bonds may not be issued under this subchapter unless such issuance has been reviewed and approved by the bond review board....
- Texas Section 17.963 - Payment Of Board Obligations
(a) The board shall cooperate with the comptroller to develop procedures for the payment of principal and interest on water financial assistance bonds and any...
- Texas Section 17.964 - Eligible Security
Water financial assistance bonds are eligible to secure deposits of public funds of the state and political subdivisions of the state. Water financial assistance bonds...
- Texas Section 17.965 - Legal Investments
Water financial assistance bonds are legal and authorized investments for: (1) banks; (2) savings banks; (3) trust companies; (4) savings and loan associations; (5) insurance...
- Texas Section 17.966 - Mutilated, Lost, Or Destroyed Bonds
The board may provide for the replacement of mutilated, lost, or destroyed water financial assistance bonds. Added by Acts 1997, 75th Leg., ch. 1010, Sec.
- Texas Section 17.967 - Refunding Bonds
(a) The board by resolution may provide for the issuance of water financial assistance bonds to refund outstanding bonds and water financial assistance bonds issued...
- Texas Section 17.968 - Sale Of Political Subdivision Bonds By The Board; Use Of Proceeds
(a) The board may sell or dispose of political subdivision bonds or other assets purchased with money in the fund to any person, including the...
- Texas Section 17.969 - Tax Exempt Bonds
Since the board is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, water financial assistance bonds...
- Texas Section 17.970 - Enforcement By Mandamus
Payment of water financial assistance bonds and obligations incurred under bond enhancement agreements and performance of official duties prescribed by Section 49-d-8, Article III, Texas...
SUBCHAPTER M REQUIRED TRAINING FOR APPLICANTS FOR AND RECIPIENTS OF ECONOMICALLY DISTRESSED AREAS PROGRAM FINANCIAL ASSISTANCE
- Texas Section 17.971 - Subchapter Cumulative Of Other Laws
(a) This subchapter is cumulative of other laws on the subject, and the board may use provisions of other applicable laws in the issuance of...
- Texas Section 17.991 - Definitions
In this subchapter: (1) "Operating entity" means the governing body of a political subdivision responsible for providing water supply and sewer services and the management...
- Texas Section 17.992 - Training For Applicants
The board may require the operating entity of a political subdivision that applies for financial assistance under Subchapter K to complete a training program approved...
- Texas Section 17.993 - Training For Operating Entities
(a) The commission or the board may evaluate whether an operating entity needs training if the operating entity: (1) requests financial assistance or an amendment...
- Texas Section 17.994 - Training Requirements
(a) The board by order shall require an operating entity to undergo appropriate training if the board: (1) determines that training is necessary under Section...