Texas Water Code
§ 15.203 — ELIGIBLE BONDS
WA § 15.203Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 15. TEXAS WATER ASSISTANCE PROGRAM · Art. D. WATER BOND INSURANCE PROGRAM
Statute text
View on source(a)Only revenue, general obligation, tax, or combination bonds issued by a political subdivision or a water supply corporation for a project qualifying for assistance under this subchapter and board rules are eligible to be insured under the program.
(b)Bonds issued for a term longer than 50 years are not eligible to be insured under the program.
Legislative history
Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.