{"data":{"id":"us-tx/tex.-water-code-17.904","jurisdiction":"us-tx","citation":"Tex. Water Code § 17.904","heading":"LINKED DEPOSIT.","body":"A linked deposit is a deposit governed by a written deposit agreement between the board and an eligible lending institution that provides that:\n(1) the eligible lending institution pay interest on the deposit at a rate determined by the board;\n(2) the state not withdraw any part of the deposit before the expiration of a period set by a written advance notice of the intention to withdraw; and\n(3) the eligible lending institution agree to lend the value of the deposit to a person at a maximum rate that is the rate paid by the eligible lending institution to the board plus a maximum of four percent.\nAdded by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.","path":["WATER CODE","TITLE 2. WATER ADMINISTRATION","SUBTITLE C. WATER DEVELOPMENT","CHAPTER 17. PUBLIC FUNDING","SUBCHAPTER J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.17.htm#17.904","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"661f149b8c8f854c85dcbe7ada2fca55ee8d812568432d3151ed0ce69021e4c3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-17.903","next":"us-tx/tex.-water-code-17.905"},"notice":"GroundRules: Original legal text. Not legal advice."}