Sec. 15.617. STATE LIABILITY PROHIBITED. The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to an approved applicant. A linked deposit is not an extension of the state's credit within the meaning of any state constitutional prohibition.
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