Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 363 - FINANCIAL ASSISTANCE PROGRAMS
Subchapter E - ECONOMICALLY DISTRESSED AREAS
Division 1 - ECONOMICALLY DISTRESSED AREAS PROGRAM
Section 363.510 - Terms of Financial Assistance
Universal Citation: 31 TX Admin Code ยง 363.510
Current through Reg. 49, No. 38; September 20, 2024
(a) The board shall determine the amount and form of financial assistance and the amount and form of repayment, if applicable. The board shall establish repayment based on the political subdivision's ability to repay the financial assistance and shall consider:
(1) rates,
fees, and charges that the average customer to be served by the project will be
able to pay;
(2) sources of funding
available to the political subdivision from federal and private funds and from
other state funds;
(3) any local
funds available from the political subdivision if the economically distressed
area to be served by the board's financial assistance is within the boundary of
the political subdivision;
(4) the
just, fair, and reasonable charges for water and wastewater service as provided
in the Texas Water Code;
(5) the
ability of the board to maximize the portion of financial assistance for which
repayment is required based on the political subdivision's ability to repay the
assistance, as provided by board rule; and
(6) the limit on the total amount of
financial assistance that does not require repayment pursuant to Texas Water
Code §
17.933.
(b) The board shall determine the method of evidence of debt.
(c) If the board determines non-performance of the terms of the grant by the political subdivision, the board may require reimbursement of all or part of the funds provided by grant assistance or impose sanctions such as prohibition of further board financial assistance.
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