U.S. Federal and State Cases, Codes, and Articles
Select a tab to search United States Cases, Codes, or Articles
U.S. Federal and State Cases, Codes, and Articles
Select a tab to search United States Cases, Codes, or Articles
Search for cases
Indicates required field
Search by keyword or citation
Indicates required field
Search blogs, article pages, and cases and codes
Indicates required field
Current as of April 14, 2021 | Updated by FindLaw Staff
(a) In this section:
(1) “Default” means:
(A) default in payment of the principal of or interest on bonds, securities, or other obligations purchased or acquired by the board;
(B) failure to perform any covenant related to a bond, security, or other obligation purchased or acquired by the board;
(C) a failure to perform any of the terms of a loan, grant, or other financing agreement; or
(D) any other failure to perform an obligation, breach of a term of an agreement, or default as provided by any proceeding or agreement evidencing an obligation or agreement of a recipient, beneficiary, or guarantor of financial assistance provided by the board.
(2) “Financial assistance program recipient” means a recipient or beneficiary of funds administered by the board under this code, including a borrower, grantee, guarantor, or other beneficiary.
(b) In the event of a default and on request by the board, the attorney general shall seek:
(1) a writ of mandamus to compel a financial assistance program recipient or the financial assistance program recipient's officers, agents, and employees to cure the default; and
(2) any other legal or equitable remedy the board and the attorney general consider necessary and appropriate.
(c) A proceeding authorized by this section shall be brought and venue is in a district court in Travis County.
(d) In a proceeding under this section, the attorney general may recover reasonable attorney's fees, investigative costs, and court costs incurred on behalf of the state in the proceeding in the same manner as provided by general law for a private litigant.
Cite this article: FindLaw.com - Texas Water Code - WATER § 6.114. Financial Assistance Programs: Default, Remedies, and Enforcement - last updated April 14, 2021 | https://codes.findlaw.com/tx/water-code/water-sect-6-114.html
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.
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)