Texas Water Code
§ 15.154 — FINANCIAL ASSISTANCE
WA § 15.154Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 15. TEXAS WATER ASSISTANCE PROGRAM · Art. C-1. NEW WATER SUPPLY FOR TEXAS FUND
Statute text
View on source(a)The board shall adopt rules necessary to administer this subchapter, including rules establishing procedures for the application for and award of financial assistance, the distribution of financial assistance, the investment of funds, and the administration of financial assistance and the fund.
(b)When evaluating an application for financial assistance from a political subdivision, the board shall consider:
(1)the intended end users of the water supply, the needs of the area to be served by the project, the expected benefit of the project to the area, the relationship of the project to the water supply needs of this state overall, and the relationship of the project to the state water plan;
(2)the amount of water expected to be produced by the project; and
(3)the availability of money or revenue to the political subdivision from all sources for the ultimate repayment of the cost of the project, including all interest.
(c)The board by resolution may approve an application if, after considering the factors listed in Subsection (b) and other relevant factors, the board finds that:
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Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 457 (S.B. 28), Sec. 2, eff. September 1, 2023.