Tex. Water Code § 15.206 · Subchapter D. WATER BOND INSURANCE PROGRAM
APPLICATION FOR INSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An issuer may apply in writing to the board for the insurance of its bonds.
(b) The application must include the following information:
(1) the name of the issuer;
(2) citations of the laws under which the issuer is created and operates and under which the bonds to be insured are to be issued;
(3) the total amount of bonds for which insurance coverage is sought and the anticipated interest rate on the bonds;
(4) the term for which the bonds are to be issued;
(5) the purpose or purposes for which the bonds are to be issued;
(6) financial information relating to the issuance of the bonds and to the financial stability and future of the issuer;
(7) the water conservation plan required by Section 16.4021; and
(8) any other information the board requires by its rules or otherwise considers necessary in making a determination of the application.
(c) The board by rule shall prescribe the form and procedure for submitting and processing an application.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 2, eff. September 1, 2019.
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 1018b31cf965d856a89e74c9b2811cd80b720a938f07b8e4b7edd58cf924d60b
- 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
This section cites
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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.