Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 363 - FINANCIAL ASSISTANCE PROGRAMS
Subchapter G - SMALL COMMUNITY EMERGENCY LOAN PROGRAM
Division 2 - APPLICATION PROCEDURES
Section 363.715 - Notes and Loan Agreements
Universal Citation: 31 TX Admin Code § 363.715
Current through Reg. 49, No. 52; December 27, 2024
(a) The board may provide financial assistance to political subdivisions by either purchasing bonds issued by the political subdivision or by purchasing a note and entering into a loan agreement with the political subdivision. If a political subdivision utilizes the note and loan agreement, the term of the loan shall not be more than one year.
(b) If a political subdivision executes a note and loan agreement with the board, the political subdivision is not required to engage the services of a bond counsel or a financial advisor.
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