Texas Statutes
Subchapter L. Flood Project Funding
Section 16.459. Transparency Requirements

Sec. 16.459. TRANSPARENCY REQUIREMENTS. The board shall post the following information on the board's Internet website regarding the use of the resiliency fund and regularly update the information posted:
(1) the progress made in developing flood projects statewide;
(2) a description of each flood project that receives money from the resiliency fund, including:
(A) the expected date of completion of the flood project;
(B) the current status of the flood project;
(C) the proposed benefit of the flood project;
(D) the initial total cost estimate of the flood project and variances to the initial cost estimate exceeding five percent;
(E) a listing of the eligible political subdivisions receiving money from the resiliency fund;
(F) a listing of each political subdivision served by each flood project;
(G) an estimate of matching funds that will be available for the flood project resulting from the use of the resiliency fund; and
(H) the status of repayment of each loan provided in connection with a flood project, including an assessment of the risk of default based on a standard risk rating system;
(3) a description of the point system for prioritizing flood projects and the number of points awarded by the board for each flood project;
(4) any nonconfidential information submitted to the board as part of an application for funding under this subchapter that is approved by the board;
(5) the administrative and operating expenses incurred by the board in administering the resiliency fund; and
(6) any other information required by board rule.
Added by Acts 2019, 86th Leg., R.S., Ch. 947 (S.B. 7), Sec. 3.01, eff. June 13, 2019.