Tex. Water Code § 17.955 · Subchapter L. WATER FINANCIAL ASSISTANCE BOND PROGRAM
PERSONS DESIGNATED TO ACT AS AGENTS OF BOARD.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In the resolution the board may delegate authority to one or more officers, employees, or agents designated by the board to act on behalf of the board during the time any series of water financial assistance bonds are outstanding to:
(1) fix dates, prices, interest rates, amortization schedules, redemption features, and interest payment periods;
(2) perform duties and obligations of the board under a bond enhancement agreement; and
(3) perform other procedures specified in the resolution.
(b) The person designated by the board may adjust the interest on water financial assistance bonds and perform all duties described in a bond enhancement agreement as necessary to permit the water financial assistance bonds to be sold or resold at par in conjunction with secondary market transactions.
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 cf616d4a5c13771769689068fbb1a7ca04cd1ddaa8cc94705f7ebbfaed53fcb3
- 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 § 17.955. Each shows the citation as that text prints it.
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