Tex. Water Code § 17.9021

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

Section 17.9021 - Application for and Approval of Loan

(a) In reviewing an application by a political subdivision for a loan, the board shall consider the ability of the political subdivision to repay the loan and whether the loan will further water conservation in this state.

(b) To approve a loan to a political subdivision, the board must determine that:

(1) the public interest is served by providing the loan;

(2) the political subdivision has the ability to repay the loan; and

(3) the loan will further water conservation in the state.

(c) The board by rule shall establish the rate of interest it charges for a loan to a political subdivision.

Tex. Water Code § 17.9021

Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(s), eff. 9/1/2003; Acts 2003, 78th Leg., ch. 352, Sec. 19, eff. 9/1/2003.