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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Water Code § 17.9021: APPLICATION FOR AND APPROVAL OF LOAN.

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Where this section sits in the code
  1. WATER CODE
  2. TITLE 2. WATER ADMINISTRATION
  3. SUBTITLE C. WATER DEVELOPMENT
  4. CHAPTER 17. PUBLIC FUNDING
  5. SUBCHAPTER J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM

(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 determine that:

(1) the public interest is served by providing the loan;

(2) the political subdivision has the ability to repay the loan; and

(3) the loan will further water conservation in the state.

(c) The board by rule shall establish the rate of interest it charges for a loan to a political subdivision.

Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(s), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 19, eff. Sept. 1, 2003.

Collected 2026-08-27T01:47:48Z. Source file · JSON

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