Sec. 17.960. BOND RESOLUTIONS. (a) In the resolution, the board may make additional covenants with respect to water financial assistance bonds and may provide for:
(1) the flow of funds;
(2) the establishment of accounts and subaccounts within the fund that the board determines are necessary for the administration of the fund;
(3) at the discretion of the board, the payment of fees and expenses of the board in connection with providing financial assistance to political subdivisions as the board determines are necessary for the administration of the fund;
(4) the maintenance, investment, and management of money within the fund and any accounts established by resolution by the board; and
(5) any other provisions and covenants that the board determines are necessary for the administration of the fund.
(b) The board may invest and reinvest money in the fund and any account therein in any obligations or securities as provided by the resolution or by rule adopted by the board.
(c) The board may adopt and have executed other proceedings, agreements, or trust agreements or instruments necessary in the issuance of water financial assistance bonds, including, without limitation, bond enhancement agreements.
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