Tex. Water Code § 17.953 · Subchapter L. WATER FINANCIAL ASSISTANCE BOND PROGRAM
CONDITIONS FOR ISSUANCE OF WATER FINANCIAL ASSISTANCE BONDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Water financial assistance bonds may be issued as various series and issues.
(b) Water financial assistance bonds may mature, serially or otherwise, not later than 50 years after the date on which they are issued.
(c) Water financial assistance bonds may be issued as bonds, notes, or other obligations as permitted by law and may be in the form and denominations and be issued in the manner and under the terms, conditions, and details as provided by resolution.
(d) Water financial assistance bonds may be sold at public or private sale at a price or prices and on terms determined by the board.
(e) Water financial assistance bonds shall be signed and executed as provided by resolution.
(f) Water financial assistance bonds may bear no interest or bear interest at a rate or rates determined in accordance with law.
(g) Rates of interest on water financial assistance bonds may be fixed, variable, floating, adjustable, or otherwise, as determined by the board or determined pursuant to any contractual arrangements approved by the board. The resolution may provide for the payment of interest at any time or the periodic determination of interest rates or interest rate periods.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.
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 3427d6747d8aa31d2a7db5399145ca80f16dd206b79e4402a946c8e2f7b03c95
- 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.