Section 15.206 - Application for Insurance(a) An issuer may apply in writing to the board for the insurance of its bonds.(b) The application must include the following information:(1) the name of the issuer;(2) citations of the laws under which the issuer is created and operates and under which the bonds to be insured are to be issued;(3) the total amount of bonds for which insurance coverage is sought and the anticipated interest rate on the bonds;(4) the term for which the bonds are to be issued;(5) the purpose or purposes for which the bonds are to be issued;(6) financial information relating to the issuance of the bonds and to the financial stability and future of the issuer;(7) the water conservation plan required by Section 16.4021; and(8) any other information the board requires by its rules or otherwise considers necessary in making a determination of the application.(c) The board by rule shall prescribe the form and procedure for submitting and processing an application.Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 886,Sec. 2, eff. 9/1/2019.Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.