Tex. Water Code § 17.958 · Subchapter L. WATER FINANCIAL ASSISTANCE BOND PROGRAM
ECONOMICALLY DISTRESSED AREAS PROGRAM ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Texas Water Development Fund II economically distressed areas program account, referred to as the "economically distressed areas program account," is an account established within the fund in the state treasury. Transfers shall be made from this account as provided by this subchapter.
(b) The economically distressed areas program account is composed of:
(1) money and assets attributable to water financial assistance bonds designated by the board as issued for projects described in Subchapter K;
(2) money provided by the federal government, the state, political subdivisions, and private entities for the purpose of paying debt service on water financial assistance bonds issued for purposes provided by Subchapter K;
(3) payments received under a bond enhancement agreement with respect to water financial assistance bonds designated by the board as issued for purposes provided by Subchapter K;
(4) investment income earned on money on deposit in the economically distressed areas program account; and
(5) any other funds, regardless of their source, that the board directs be deposited to the credit of the economically distressed areas program account.
(c) Money on deposit in the economically distressed areas program account may be used by the board for purposes provided by Subchapter K in the manner that the board determines necessary for the administration of the fund.
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 58cc98f462612479ff50bc38327f9e318dfa1383f97b9f750f9dcec5e0d708d3
- 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 3 provisions
Provisions in this library whose text cites Tex. Water Code § 17.958. Each shows the citation as that text prints it.
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