Sec. 15.616. COMPLIANCE. (a) On accepting a linked deposit, an eligible lending institution must lend money to an approved applicant in accordance with the deposit agreement and this subchapter. The eligible lending institution shall forward a compliance report to the board in accordance with board rules. The board shall adopt rules regarding the compliance report.
(b) The board shall monitor compliance with this subchapter and inform the comptroller of noncompliance on the part of an eligible lending institution.
Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Chapter 15 - Texas Water Assistance Program
Subchapter J. Financial Assistance for Water Pollution Control
Section 15.601. Creation of Fund
Section 15.603. Creation and Administration of Program
Section 15.604. Financial Assistance Under the Revolving Fund
Section 15.6041. Financial Assistance Under the Safe Drinking Water Revolving Fund
Section 15.6042. Cross-Collateralization of Funds
Section 15.607. Approval of Application
Section 15.608. Approval and Registration
Section 15.609. Recovery of Administrative Costs
Section 15.610. Linked Deposit
Section 15.611. Linked Deposit Program
Section 15.613. Certification of Project
Section 15.614. Approval or Rejection of Application
Section 15.615. Deposit Agreement