Tex. Water Code § 15.441

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 15.441 - [See Note] Policies and Procedures to Mitigate or Minimize Adverse Effects of Certain Federal Laws

The board shall adopt, and may amend from time to time at the board's discretion, policies and procedures for the purpose of mitigating or minimizing the adverse effects, if any, of federal laws and regulations relating to income taxes, arbitrage, rebates, and related matters that may restrict the board's ability to freely invest all or part of the fund or to receive and retain all the earnings from the fund.

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.