Tex. Water Code § 15.208 · Subchapter D. WATER BOND INSURANCE PROGRAM
APPROVAL OF APPLICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After notice and hearing, the board by resolution may approve an application if, after considering the information in the application and presented at the hearing, criteria established by this subchapter, and the rules and other relevant factors, the board finds:
(1) that the bonds are being issued to finance a project that serves the public interest;
(2) that there is strong evidence and a high degree of certainty that the issuer will be able to meet its obligations under the bonds; and
(3) that an applicant proposing surface water development has the necessary water right authorizing it to appropriate and use the water which the project will provide.
(b) Repealed by Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.
(c) Repealed by Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.
(d) Repealed by Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.
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. 16(3), 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 3bb81086c2020f076137428026e102c10cd30e4f8d067e27fe269fa59132315f
- 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.