Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 10 - TEXAS WATER DEVELOPMENT BOARD
Chapter 367 - AGRICULTURAL WATER CONSERVATION PROGRAM
Section 367.10 - Loans to Political Subdivisions
Current through Reg. 49, No. 12; March 22, 2024
(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 loan and whether the loan will further water conservation in this state.
(b) To approve a loan to a political subdivision, the board must find that:
(c) The board may make a loan available to a political subdivision in any manner the board considers economically feasible, including purchase of bonds or securities of the political subdivision or execution of a loan agreement with the political subdivision. The board may not purchase bonds or securities that have not been approved by the attorney general and registered by the comptroller.