Tex. Water Code § 17.9226

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

Section 17.9226 - [See Note] Use of Certain General Obligation Bonds

The board may:

(1) maximize the effectiveness of the additional general obligation bonds authorized by Section 49-d-14, Article III, Texas Constitution, by using the additional bonds in conjunction with other sources of financial assistance, including nonpublic funds, to provide financial assistance to political subdivisions for the construction, acquisition, or improvement of water supply and sewer services; and

(2) use the additional general obligation bonds authorized by Section 49-d-14, Article III, Texas Constitution, to promote and support public-private partnerships that the board determines:

(A) are financially viable;

(B) will diversify the methods of financing available for water supply and sewer services; and

(C) will reduce reliance on the issuance of bonds supported with general revenue.

Tex. Water Code § 17.9226

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1222,Sec. 2, eff. 11/5/2019.