Section 17.899 - Eligible Fund Uses(a) Money in the fund, excluding money in the interest and sinking fund, may be used by the board to: (1) provide a grant to a state agency to fund a conservation program or conservation project, including a conservation program that provides funding to a political subdivision or person for a conservation project;(2) provide a grant or loan to a political subdivision for a conservation program or conservation project;(3) provide a linked deposit to an eligible financial institution for a loan to a person for a conservation project;(4) pay for a board conservation program;(5) make a transfer to the interest and sinking fund;(6) pay the costs of a bond issuance; and(7) pay for a board expense in administering the agricultural water conservation program under this subchapter.(b) Money in the interest and sinking fund may be used for the payment of bonds or, to the extent there are funds in excess of bond payment requirements, for transfers to the fund, or any other account in the funds.(c) The board shall transfer back to the state water implementation fund for Texas any money disbursed to the fund as described by Section 17.895(6) if the requirements of Section 15.435 are satisfied. Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 207,Sec. 2.15, 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.(Amendment became effective November 5. 2013.)Amended By Acts 2003, 78th Leg., ch. 200, Sec. 19(o), eff. 9/1/2003Amended By Acts 2003, 78th Leg., ch. 352, Sec. 15, eff. 9/1/2003.Amended by Acts 1993, 73rd Leg., ch. 477, Sec. 15, eff. 8/30/1993Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. 9/1/1989.