On review and recommendation by the executive administrator, the board may approve
an application only if the board finds that:
(1) the application and the assistance applied for meet the requirements of this subchapter
and board rules;
(2) the application demonstrates a sufficient level of cooperation among eligible
political subdivisions and includes all of the eligible political subdivisions substantially
affected by the flood project; and
(3) the taxes or other revenue, or both the taxes and other revenue, pledged by the
applicant will be sufficient to meet all the obligations assumed by the eligible political
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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