Texas Water Code

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

WA § 17.906Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 17. PUBLIC FUNDING · Art. J. AGRICULTURAL WATER CONSERVATION BOND PROGRAM

To participate in the agricultural water conservation linked deposit program, an eligible lending institution must:

(1)solicit loan applications, which must contain a description of an agricultural water conservation 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 soil and water conservation district in which an applicant is located by a director of the district that states that:

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Legislative history

Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.