Tex. Water Code § 15.473 · Subchapter H. STATE WATER IMPLEMENTATION REVENUE FUND FOR TEXAS
MANAGEMENT AND INVESTMENT OF FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Money deposited to the credit of the fund shall be invested as determined by the board. The fund may be invested with the state treasury pool.
(b) The fund and any accounts established in the fund shall be kept and maintained by or at the direction of the board.
(c) At the direction of the board, the fund and any accounts established in the fund may be managed by the comptroller or a corporate trustee that is a trust company or a bank that has the powers of a trust company for and on behalf of the board and pending their use for the purposes provided by this subchapter may be invested as provided by an order, resolution, or rule of the board.
(d) The comptroller or corporate trustee shall manage the fund in strict accordance with this subchapter and the orders, resolutions, and rules of the board.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4), Sec. 2.02, eff. November 5, 2013.
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 c351732a24614999a2b6af4665111d81d1b829b2947fcd8cb8b6d2f15ced4c2d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Water Code § 15.473. Each shows the citation as that text prints it.
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.