Texas Water Code
§ 15.432 — FUND
WA § 15.432Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 15. TEXAS WATER ASSISTANCE PROGRAM · Art. G. STATE WATER IMPLEMENTATION FUND FOR TEXAS
Statute text
View on source(a)The state water implementation fund for Texas is a special fund in the state treasury outside the general revenue fund to be used by the board, without further legislative appropriation, for the purpose of implementing the state water plan as provided by this subchapter. The board may establish separate accounts in the fund. The fund and the fund's accounts are kept and held by the trust company for and in the name of the board. The board has legal title to money and investments in the fund until money is disbursed from the fund as provided by this subchapter and board rules. It is the intent of the legislature that the fund will never be used:
(1)for a purpose other than the support of projects in the state water plan; or
(2)to certify that appropriations from the treasury are within the amount estimated to be available in a fund of the treasury affected by the appropriation.
(b)Money deposited to the credit of the fund may be used only as provided by this subchapter.
(c)The fund consists of:
(1)money transferred or deposited to the credit of the fund by law, including money from any source transferred or deposited to the credit of the fund at the board's discretion as authorized by law;
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Legislative history
Added by Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4), Sec. 2.02, eff. November 5, 2013.