Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The Texas water fund is a special fund in the state treasury outside the general revenue fund. The fund is administered by the board.
(b) The board may use the fund only to transfer money to:
(1) the water assistance fund established under Subchapter B;
(2) the new water supply for Texas fund established under Subchapter C-1;
(3) the state water implementation fund for Texas established under Subchapter G;
(4) the state water implementation revenue fund for Texas established under Subchapter H;
(5) a revolving fund established under Subchapter J;
(6) the rural water assistance fund established under Subchapter R;
(7) the statewide water public awareness account established under Section 16.027;
(8) the Texas Water Development Fund II water financial assistance account established under Section 17.959; and
(9) the Texas Water Development Fund II state participation account established under Section 17.957.
(c) Money and investments in the fund shall be kept and held for and in the name of the board.
(d) Money in the fund may be used only as provided by this subchapter.
(e) The fund consists of:
(1) money transferred or deposited to the credit of the fund by law, including money appropriated by the legislature directly to the fund and money from any source transferred or deposited to the credit of the fund as authorized by law;
(2) any other revenue that the legislature by statute dedicates for deposit to the credit of the fund;
(3) investment earnings and interest earned on amounts credited to the fund;
(4) money from gifts, grants, or donations to the fund; and
(5) money returned from any authorized transfer.
Cite this article: FindLaw.com - Texas Water Code - WATER § 15.502. Fund - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-15-502/
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 before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)