Texas Water Code

§ 15.612 — APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM

WA § 15.612Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 15. TEXAS WATER ASSISTANCE PROGRAM · Art. J. FINANCIAL ASSISTANCE FOR WATER POLLUTION CONTROL

Statute text

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To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must:

(1)solicit loan applications, which must contain a description of a proposed nonpoint source pollution control project;

(2)review applications to determine if applicants are eligible and creditworthy; and

(3)submit the applications of eligible and creditworthy applicants to the executive administrator with a certification:

(A)of the interest rate applicable to each applicant by the eligible lending institution; and

(B)of the proposed project by the appropriate person as required by Section 15.613.

Legislative history

Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.