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Current as of April 14, 2021 | Updated by FindLaw Staff
(a) Subject only to constitutional limitations, all contracting political subdivisions may issue and execute those bonds, notes, or other obligations necessary to conform to and comply with repayment obligations adopted by the board.
(b) Loans of financial assistance under this subchapter shall be repaid to the board, and the payments made to the board for these loans of financial assistance shall be made in compliance with terms and conditions established by the board.
Cite this article: FindLaw.com - Texas Water Code - WATER § 15.110. Requirements for Political Subdivisions and Federal Agencies - last updated April 14, 2021 | https://codes.findlaw.com/tx/water-code/water-sect-15-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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