Sec. 17.875. PERSONS DESIGNATED TO ACT AS AGENTS OF BOARD. (a) A bond resolution or order may delegate authority to one or more officers, employees, or agents designated by the board to act on behalf of the board during the time bonds are outstanding to:
(1) fix dates, prices, interest rates, and interest payment periods; and
(2) perform other procedures specified in the resolution.
(b) The person designated by the board may adjust the interest on bonds as necessary to permit the bonds to be sold or resold at par in conjunction with secondary market transactions.
Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter J. Agricultural Water Conservation Bond Program
Section 17.872. Issuance of Bonds
Section 17.873. Conditions for Issuance of Bonds
Section 17.874. Periodic Determination of Interest
Section 17.875. Persons Designated to Act as Agents of Board
Section 17.876. Security Qualifications
Section 17.877. Investment Securities
Section 17.880. Sale of Securities
Section 17.881. Sale of Obligations to Texas Water Resources Finance Authority
Section 17.882. Resolutions, Orders, Etc
Section 17.883. Bond Review Board
Section 17.884. Approval of Attorney General
Section 17.885. Bonds Incontestable
Section 17.886. Payment and Transfers by Comptroller
Section 17.887. Refunding Bonds
Section 17.888. Mutilated, Lost, or Destroyed Bonds
Section 17.889. Eligible Security
Section 17.890. Legal Investments
Section 17.891. Tax Exempt Bonds
Section 17.892. Enforcement by Mandamus
Section 17.893. Subchapter Cumulative of Other Laws
Section 17.894. Bond Enhancement Agreements; Payment of Expenses
Section 17.895. Sources of Assets
Section 17.896. Repayment Proceeds
Section 17.897. Conservation Program
Section 17.898. Conservation Project
Section 17.899. Eligible Fund Uses
Section 17.900. Grant to State Agency
Section 17.901. Grant or Loan to Political Subdivision
Section 17.902. Review of Application for and Approval of Grant
Section 17.9021. Application for and Approval of Loan
Section 17.9022. Financing of Grant or Loan for Political Subdivision; Default; Venue
Section 17.903. Contract Authority
Section 17.904. Linked Deposit
Section 17.905. Linked Deposit Program
Section 17.907. Approval or Rejection of Application
Section 17.908. Deposit Agreement
Section 17.910. State Liability Prohibited