Sec. 17.076. COMBINED FACILITIES OPERATION AND MAINTENANCE FUND. (a) The Combined Facilities Operation and Maintenance Fund is a special fund in the State Treasury.
(b) Money received from the sale of water, standby service, and the lease of land needed for operation and maintenance of facilities shall be credited to this fund. Any of the money which is not needed for operation and maintenance of facilities may be credited to the interest and sinking fund or used to meet contractual obligations incurred by the board in acquiring facilities.
Amended by Acts 1977, 65th Leg., p. 2207, ch. 870, Sec. 1, eff. Sept. 1, 1977; Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter C. Funding Provisions
Section 17.071. Disposition of Money Received
Section 17.072. Development Fund
Section 17.073. Water Development and Economically Distressed Areas Clearance Funds
Section 17.074. Interest and Sinking Fund
Section 17.0741. Economically Distressed Areas Interest and Sinking Fund
Section 17.075. Administrative Fund
Section 17.076. Combined Facilities Operation and Maintenance Fund
Section 17.077. Credits to Clearance Funds
Section 17.078. Transfers at End of Fiscal Year
Section 17.079. Transfers to Interest and Sinking Fund
Section 17.0791. Transfers to Economically Distressed Areas Interest and Sinking Fund
Section 17.080. Additional Funds for Payment of Bonds
Section 17.081. Transfers to Administrative Fund
Section 17.082. Transfers to Development Fund
Section 17.0821. Transfers to Revolving Funds
Section 17.083. Investment of Reserve Money
Section 17.084. Limitation on Board Investment
Section 17.085. Sale of Securities
Section 17.086. Transfers to Be Made by Comptroller
Section 17.0871. Sale of Political Subdivision Bonds to the Texas Water Resources Finance Authority