Tex. Water Code § 17.904 · Subchapter J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM
LINKED DEPOSIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A linked deposit is a deposit governed by a written deposit agreement between the board and an eligible lending institution that provides that:
(1) the eligible lending institution pay interest on the deposit at a rate determined by the board;
(2) the state not withdraw any part of the deposit before the expiration of a period set by a written advance notice of the intention to withdraw; and
(3) the eligible lending institution agree to lend the value of the deposit to a person at a maximum rate that is the rate paid by the eligible lending institution to the board plus a maximum of four percent.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 21, 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 4b1d5b755138ec6115a0046a057f1c03b7203d9052b33c3b22afdaf50c98b32c
- 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.