Sec. 15.203. ELIGIBLE BONDS. (a) Only revenue, general obligation, tax, or combination bonds issued by a political subdivision or a water supply corporation for a project qualifying for assistance under this subchapter and board rules are eligible to be insured under the program.
(b) Bonds issued for a term longer than 50 years are not eligible to be insured under the program.
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 15 - Texas Water Assistance Program
Subchapter D. Water Bond Insurance Program
Section 15.202. Creation and Administration of Program
Section 15.203. Eligible Bonds
Section 15.206. Application for Insurance
Section 15.207. Considerations in Passing on Application
Section 15.208. Approval of Application
Section 15.209. Contracts, Agreements, and Other Documents
Section 15.210. Limitation on Insurance Coverage
Section 15.211. Insurance Fees
Section 15.212. Payment by State
Section 15.213. Refunding Bonds
Section 15.214. Inspection of Projects
Section 15.215. Alteration of Plans
Section 15.216. Certificate of Approval