Texas Water Code

§ 17.964 — ELIGIBLE SECURITY

WA § 17.964Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 17. PUBLIC FUNDING · Art. L. WATER FINANCIAL ASSISTANCE BOND PROGRAM

Statute text

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Water financial assistance bonds are eligible to secure deposits of public funds of the state and political subdivisions of the state. Water financial assistance bonds are lawful and sufficient security for deposits to the extent of their face value.

Legislative history

Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.