Section 17.906 - Application By Eligible Lending Institutions to Participate in Linked Deposit Program To participate in the agricultural water conservation linked deposit program, an eligible lending institution must:
(1) solicit loan applications, which must contain a description of an agricultural water conservation project;(2) review applications to determine if applicants are eligible and creditworthy; and(3) submit the applications of eligible and creditworthy applicants to the executive administrator with a certification: (A) of the interest rate applicable to each applicant by the eligible lending institution; and(B) of the soil and water conservation district in which an applicant is located by a director of the district that states that:(i) the applicant of the proposed project has a soil and water conservation plan approved by the district; and(ii) the project furthers or implements the plan.Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. 9/1/2003; Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. 9/1/2003.