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Current as of January 01, 2024 | Updated by FindLaw Staff
To participate in the agricultural water conservation linked deposit program, an eligible lending institution must:
(1) solicit loan applications, which must contain a description of an agricultural water conservation project;
(2) review applications to determine if applicants are eligible and creditworthy; and
(3) submit the applications of eligible and creditworthy applicants to the executive administrator with a certification:
(A) of the interest rate applicable to each applicant by the eligible lending institution; and
(B) of the soil and water conservation district in which an applicant is located by a director of the district that states that:
(i) the applicant of the proposed project has a soil and water conservation plan approved by the district; and
(ii) the project furthers or implements the plan.
Cite this article: FindLaw.com - Texas Water Code - WATER § 17.906. Application by Eligible Lending Institutions to Participate in Linked Deposit Program - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-17-906/
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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