Sec. 17.956. TEXAS WATER DEVELOPMENT FUND II. The fund is a special fund in the state treasury, and all water financial assistance bond proceeds shall be deposited in the state treasury to the credit of the fund. The fund shall contain a "state participation account," an "economically distressed areas program account," and a "financial assistance account," and proceeds from the sale of water financial assistance bonds issued for the purpose of providing financial assistance to political subdivisions shall be credited to such accounts as provided by resolution by the board. By resolution, the board may create additional accounts within the fund as the board determines are necessary or convenient for the administration of the fund.
Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.
Structure Texas Statutes
Title 2 - Water Administration
Subtitle C - Water Development
Subchapter L. Water Financial Assistance Bond Program
Section 17.952. Issuance of Water Financial Assistance Bonds
Section 17.953. Conditions for Issuance of Water Financial Assistance Bonds
Section 17.954. Bond Enhancement Agreements; Payment of Expenses
Section 17.955. Persons Designated to Act as Agents of Board
Section 17.956. Texas Water Development Fund Ii
Section 17.957. State Participation Account
Section 17.958. Economically Distressed Areas Program Account
Section 17.959. Financial Assistance Account
Section 17.960. Bond Resolutions
Section 17.961. Transfers to Revolving Funds
Section 17.9615. Transfers to Rural Water Assistance Fund
Section 17.9616. Transfer to Water Infrastructure Fund
Section 17.9617. Transfers to State Water Implementation Revenue Fund for Texas
Section 17.962. State Approvals
Section 17.963. Payment of Board Obligations
Section 17.964. Eligible Security
Section 17.965. Legal Investments
Section 17.966. Mutilated, Lost, or Destroyed Bonds
Section 17.967. Refunding Bonds
Section 17.968. Sale of Political Subdivision Bonds by the Board; Use of Proceeds
Section 17.969. Tax Exempt Bonds