Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 363 - FINANCIAL ASSISTANCE PROGRAMS
Subchapter I - PILOT PROGRAM FOR WATER AND WASTEWATER LOANS TO RURAL COMMUNITIES
Division 1 - INTRODUCTORY PROVISIONS
Section 363.906 - Sales and Use Tax as Loan Security

Universal Citation: 31 TX Admin Code § 363.906

Current through Reg. 49, No. 38; September 20, 2024

A rural community that is a municipality or county may pledge a percentage of the sales and use tax revenue that is received to the payment of debt incurred under a loan agreement entered into with the board, subject to authorization by a majority of the voters at an election called and held for that purpose.

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