Tex. Water Code § 15.607
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
On review of recommendations by the executive administrator, the board by resolution may approve an application if the board finds that in its opinion the revenue or taxes or both revenue and taxes pledged by the applicant will be sufficient to meet all the obligations assumed by the applicant and that the application and assistance applied for meet the requirements of the federal act and state law, including Section 16.4021.
Tex. Water Code § 15.607