Texas Water Code
§ 17.957 — STATE PARTICIPATION ACCOUNT
WA § 17.957Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 17. PUBLIC FUNDING · Art. L. WATER FINANCIAL ASSISTANCE BOND PROGRAM
Statute text
View on source(a)The Texas Water Development Fund II state participation account, referred to as the "state participation account," is an account established within the fund in the state treasury. Transfers shall be made from this account as provided by this subchapter.
(b)The state participation account is composed of:
(1)money and assets attributable to water financial assistance bonds designated by the board as issued for projects described in Sections 16.131 and 16.146;
(2)money from the sale, transfer, or lease of a project described in Subdivision (1) that was acquired, constructed, reconstructed, developed, or enlarged with money from the state participation account;
(3)payments received under a bond enhancement agreement with respect to water financial assistance bonds designated by the board as issued for projects described in Sections 16.131 and 16.146;
(4)investment income earned on money on deposit in the state participation account;
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Legislative history
Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4), Sec. 2.16, eff. November 5, 2013. Acts 2019, 86th Leg., R.S., Ch. 752 (H.B. 1052), Sec. 6, eff. September 1, 2019. Acts 2025, 89th Leg., R.S., Ch. 494 (S.B. 1261), Sec. 5, eff. September 1, 2025.