Tex. Water Code § 17.880 · Subchapter J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM
SALE OF SECURITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Loans, bonds of political subdivisions, and other obligations owned by the state and deposited in the fund or in the interest and sinking fund are considered to be securities under this subchapter.
(b) The board may sell securities owned in the interest and sinking fund or in any account in the fund at the governing market price.
Notes and commentary — not statutory text
History
Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(g), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 7, eff. Sept. 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.17.htm
- Text hash
- sha256 8be9293415a4bbb1441ee65cb837d9b4a9e9baff0a5fe9e947c3cad12deff9cc
- 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.