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Texas Water Code - WATER § 17.9021. Application for and Approval of Loan

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In reviewing an application by a political subdivision for a loan, the board shall consider the ability of the political subdivision to repay the loan and whether the loan will further water conservation in this state.

(b) To approve a loan to a political subdivision, the board must determine that:

(1) the public interest is served by providing the loan;

(2) the political subdivision has the ability to repay the loan;  and

(3) the loan will further water conservation in the state.

(c) The board by rule shall establish the rate of interest it charges for a loan to a political subdivision.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 17.9021. Application for and Approval of Loan - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-17-9021/

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