Section 15.434 - [See Note] Use of Fund; Payments to and From Other Funds or Accounts(a) At the direction of the board, the trust company shall make disbursements from the fund to another fund or account pursuant to a bond enhancement agreement authorized by Section 15.435 in the amounts the board determines are needed for debt service payments on or security provisions of the board's general obligation bonds or revenue bonds, after considering all other sources available for those purposes in the respective fund or account.(b) Of the money disbursed from the fund during the five-year period between the adoption of a state water plan and the adoption of a new plan, the board shall undertake to apply not less than: (1) 10 percent to support projects described by Section 15.435 that are for: (A) rural political subdivisions ; or (B) agricultural water conservation; and (2) 20 percent to support projects described by Section 15.435, including agricultural irrigation projects, that are designed for water conservation or reuse. Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1064,Sec. 2, eff. 9/1/2023.Added by Acts 2013, 83rd Leg. - Regular Session, ch. 207,Sec. 2.02, eff. on the date on which the constitutional amendment proposed by the 83rd Legislature, Regular Session, 2013, adding Sections 49-d-12 and 49-d-13, Article III, Texas Constitution, creating the state water implementation fund for Texas and the state water implementation revenue fund for Texas takes effect.