Texas Water Code
§ 17.960 — BOND RESOLUTIONS
WA § 17.960Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 17. PUBLIC FUNDING · Art. L. WATER FINANCIAL ASSISTANCE BOND PROGRAM
Statute text
View on source(a)In the resolution, the board may make additional covenants with respect to water financial assistance bonds and may provide for:
(1)the flow of funds;
(2)the establishment of accounts and subaccounts within the fund that the board determines are necessary for the administration of the fund;
(3)at the discretion of the board, the payment of fees and expenses of the board in connection with providing financial assistance to political subdivisions as the board determines are necessary for the administration of the fund;
(4)the maintenance, investment, and management of money within the fund and any accounts established by resolution by the board; and
(5)any other provisions and covenants that the board determines are necessary for the administration of the fund.
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Legislative history
Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.