Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 363 - FINANCIAL ASSISTANCE PROGRAMS
Subchapter K - SMALL COMMUNITY HARDSHIP PROGRAM
Section 363.1103 - Financial Assistance Available
Universal Citation: 31 TX Admin Code ยง 363.1103
Current through Reg. 49, No. 38; September 20, 2024
(a) The board may provide financial assistance from the Water Loan Assistance Fund to a political subdivision for a water supply or sewer service project that provides adequate water or sewer service to an economically distressed area.
(b) The board may provide financial assistance by grants for up to 90% of the amount of the financial assistance requested in the application to:
(1) plan,
design, or construct a new water or sewer service system in an economically
distressed area, including land costs or replacement of septic
systems;
(2) plan, design, or
construct improvements to an existing water or sewer service system in an
economically distressed area, including land costs or replacement of septic
systems;
(3) purchase or
consolidate water or sewer service systems that results in providing adequate
water or sewer service to an economically distressed area;
(4) reduce the interest rates on loans to
finance a project identified in paragraphs (1), (2), or (3) of this subsection,
provided however that the loan is not from the board or other state agency;
or
(5) reduce or eliminate
outstanding indebtedness of the project area if the effect assists in obtaining
financial assistance for a project identified in paragraphs (1), (2), or (3) of
this subsection, provided however that the indebtedness is not from the board
or other state agency.
(c) The board may provide the financial assistance through a written agreement executed by the executive administrator and the designated representative of the political subdivision.
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