Tex. Water Code § 15.203 · Subchapter D. WATER BOND INSURANCE PROGRAM
ELIGIBLE BONDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Only revenue, general obligation, tax, or combination bonds issued by a political subdivision or a water supply corporation for a project qualifying for assistance under this subchapter and board rules are eligible to be insured under the program.
(b) Bonds issued for a term longer than 50 years are not eligible to be insured under the program.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.15.htm
- Text hash
- sha256 bf62a868a228cc1a9967ebe2f84ab3e97a03d778e3d8bfaf466323d41f4bab6f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.