Texas Water Code

§ 17.856 — CONSIDERATION IN PASSING ON APPLICATION FOR FINANCIAL ASSISTANCE

WA § 17.856Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 17. PUBLIC FUNDING · Art. I. REVENUE BOND PROGRAM

Statute text

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In passing on an application for financial assistance for a participant, the board shall consider:

(1)the needs of the area to be served by the project;

(2)the availability to the participant of revenues, taxes, or a combination of revenues and taxes for payment of the acquired obligations of the participant; and

(3)the costs to be incurred in the development, construction, and operation of the project.

Legislative history

Added by Acts 1987, 70th Leg., ch. 420, Sec. 3, eff. June 17, 1987.