Sec. 17.085. SALE OF SECURITIES. All of the bonds and obligations owned in the interest and sinking fund, in the economically distressed areas interest and sinking fund, or in the development fund are defined as securities. The board may sell securities owned in the interest and sinking fund, in the economically distressed areas interest and sinking fund, or in any account in the development fund at the governing market price.
Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1987; Acts 1989, 71st Leg., ch. 624, Sec. 2.17.
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