Tex. Water Code § 15.996 · Subchapter R. RURAL WATER ASSISTANCE FUND
LOANS TO NONPROFIT WATER SUPPLY OR SEWER SERVICE CORPORATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In addition to any other method of providing financial assistance authorized by this subchapter, the board may make financial assistance available to an applicant that is a nonprofit water supply or sewer service corporation by entering into a loan agreement with the applicant.
(b) To be eligible to receive financial assistance under this section, the applicant must:
(1) execute a promissory note for the full amount of the loan; and
(2) provide to the board an attorney's opinion stating that the applicant has the authority to incur the debt.
(c) An applicant for financial assistance under this section is not required to appoint or employ:
(1) a bond counsel; or
(2) a financial advisor.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 64 (S.B. 360), Sec. 5, eff. September 1, 2011.
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 1826a78deae34ad557fec126291bead19f4e00ffe5044a486ae8ef250f5c2406
- 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.