Sec. 59.005. MATCHING FUNDS GUARANTEES. If the Texas Water Development Board requires that matching funds be provided as a condition for receiving a loan or grant from the Texas Water Development Board from research and planning funds, the matching funds may not be provided through a guarantee of matching funds by any individual who has a financial interest in the regional district or who will receive any direct financial benefit from a regional district project.
Added by Acts 1995, 74th Leg., ch. 715, Sec. 3, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 59 - Regional Districts
Subchapter A. District Creation
Section 59.001. Purpose and Application
Section 59.003. Creation of District
Section 59.004. Purposes of District
Section 59.005. Matching Funds Guarantees
Section 59.006. Consent of City
Section 59.007. Granting or Refusing Petition; Exclusion of Territory