reglab/housing_qa huggingface dataset:
TX Water Code § 15.115 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter C. Water Loan Assistance Program|Section 15.115. Certificate of Approval

Sec. 15.115.  CERTIFICATE OF APPROVAL.  The executive administrator may consider the following as grounds for refusal to give a certificate of approval for any construction contract:(1)  failure to construct the project according to the approved plans;(2)  failure to construct the works in accordance with sound engineering principles;  or(3)  failure to comply with any terms of the contract.|Formerly Sec. 15.112, added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.  Amended by Acts 1985, 69th Leg., ch. 795, Sec. 1.040, eff. Sept. 1, 1985.  Renumbered by Acts 1985, 69th Leg., ch. 133, Sec. 2.04.  Amended by Acts 1987, 70th Leg., ch. 977, Sec. 12, eff. June 19, 1987.|
TX Water Code § 15.116 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter C. Water Loan Assistance Program|Section 15.116. Sale of Bonds by the Board

Sec. 15.116.  SALE OF BONDS BY THE BOARD.  The board may sell or dispose of bonds or other obligations purchased with money in the water loan assistance fund.|Added by Acts 1987, 70th Leg., ch. 1103, Sec. 7, eff. Sept. 1, 1987.|
TX Water Code § 15.201 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.201. Definitions

Sec. 15.201.  DEFINITIONS.  (a)  In this subchapter:(1)  "Program" means the water bond insurance program.(2)  "Bonds" means bonds or other obligations of a political subdivision or water supply corporation issued to provide funds for a project defined in Subsection (b) of this section.(3)  "Insured bonds" means bonds or other obligations insured by the state under this subchapter.(4)  "Issuer" means a political subdivision or water supply corporation issuing bonds or other obligations eligible to be insured under the program.(5)  "Water supply corporation" means a nonprofit water supply corporation created and operating under Chapter 67.(b)  Notwithstanding the definition in Subdivision (6), Section 15.001, of this code, in this subchapter, "project" means any undertaking or work to conserve, convey, and develop surface or subsurface water resources of the state, to provide for the maintenance and enhancement of the quality of the water of the state, to provide for flood control and drainage, to provide recharge or chloride control, or to provide for desalinization, and to carry out other purposes defined by board rules.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1991, 72nd Leg., ch. 516, Sec. 2, eff. Sept. 1, 1991;  Acts 1999, 76th Leg., ch. 62, Sec. 18.55, eff. Sept. 1, 1999.|
TX Water Code § 15.202 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.202. Creation and Administration of Program

Sec. 15.202.  CREATION AND ADMINISTRATION OF PROGRAM.  (a)  The water bond insurance program is created pursuant to Article III, Section 49-d-4, of the Texas Constitution to insure to holders of insured bonds that in the event of default or impending default the state will pay, to the extent authorized by this subchapter, the principal of or interest on or both principal of and interest on the bonds.(b)  The board shall administer the program in the manner provided by this subchapter and by rules of the board.(c)  The legislature, in accordance with authorization provided by Article III, Section 49-d-4, of the Texas Constitution, authorizes the existence of the program to continue beyond the expiration date of the program provided by Subsection (g) of that section.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1991, 72nd Leg., ch. 52, Sec. 2, eff. May 1, 1991.|
TX Water Code § 15.203 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.203. Eligible Bonds

Sec. 15.203.  ELIGIBLE BONDS.  (a)  Only revenue, general obligation, tax, or combination bonds issued by a political subdivision or a water supply corporation for a project qualifying for assistance under this subchapter and board rules are eligible to be insured under the program.(b)  Bonds issued for a term longer than 50 years are not eligible to be insured under the program.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.204 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.204. Rules

Sec. 15.204.  RULES.  The board shall adopt necessary rules to carry out this subchapter.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.205 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.205. Insurance

Sec. 15.205.  INSURANCE.  The board may pledge the general credit of the state, to the extent authorized by Article III, Section 49-d-4, of the Texas Constitution, to insure the payment of the principal of or interest on or both the principal of and interest on eligible bonds issued by an issuer in the event of default or impending default of the insured bonds.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.206 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.206. Application for Insurance

Sec. 15.206.  APPLICATION FOR INSURANCE.  (a)  An issuer may apply in writing to the board for the insurance of its bonds.(b)  The application must include the following information:(1)  the name of the issuer;(2)  citations of the laws under which the issuer is created and operates and under which the bonds to be insured are to be issued;(3)  the total amount of bonds for which insurance coverage is sought and the anticipated interest rate on the bonds;(4)  the term for which the bonds are to be issued;(5)  the purpose or purposes for which the bonds are to be issued;(6)  financial information relating to the issuance of the bonds and to the financial stability and future of the issuer;(7)  the water conservation plan required by Section 16.4021; and(8)  any other information the board requires by its rules or otherwise considers necessary in making a determination of the application.(c)  The board by rule shall prescribe the form and procedure for submitting and processing an application.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.Amended by: Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 2, eff. September 1, 2019.|
TX Water Code § 15.207 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.207. Considerations in Passing on Application

Sec. 15.207.  CONSIDERATIONS IN PASSING ON APPLICATION.  In addition to criteria established in its rules, the board in passing on an application shall consider:(1)  the purpose or purposes for which the issuer is issuing the bonds;(2)  the financial ability of the issuer to meet its obligations under the bonds;(3)  the risk to the State of Texas in insuring the bonds and the ability of the state to pay the insurance coverage;  and(4)  the needs of the area to be served by the project and the benefit of the project to the area in relation to the needs of other areas requiring similar state assistance and the benefits of those projects to other areas.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.208 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.208. Approval of Application

Sec. 15.208.  APPROVAL OF APPLICATION.  (a)  After notice and hearing, the board by resolution may approve an application if, after considering the information in the application and presented at the hearing, criteria established by this subchapter, and the rules and other relevant factors, the board finds:(1)  that the bonds are being issued to finance a project that serves the public interest;(2)  that there is strong evidence and a high degree of certainty that the issuer will be able to meet its obligations under the bonds;  and(3)  that an applicant proposing surface water development has the necessary water right authorizing it to appropriate and use the water which the project will provide.(b)  Repealed by Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.(c)  Repealed by Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.(d)  Repealed by Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.Amended by: Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 16(3), eff. September 1, 2019.|
TX Water Code § 15.209 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.209. Contracts, Agreements, and Other Documents

Sec. 15.209.  CONTRACTS, AGREEMENTS, AND OTHER DOCUMENTS.  (a)  On approval of an application, the board shall enter into a contract with the issuer for the insurance of the bonds on terms and conditions agreed to by the parties.  The terms and conditions must comply with this subchapter and rules adopted by the board.(b)  The insurance contract shall include:(1)  the extent of the insurance coverage;(2)  the terms and conditions of the insurance coverage;(3)  rights in addition to those provided by law reserved by the board against the issuer in the event the board must pay all or part of the insurance coverage;  and(4)  any other provision required in order to be in compliance with the board's rules.(c)  The board shall execute any other documents necessary to legally bind the state to insure payment to the bondholders on default or impending default.(d)  For the insurance coverage of bonds to be effective, it must be approved by the attorney general as to the legality of the insurance coverage.  Documents relating to the insurance of the bonds shall be submitted to the attorney general for approval at the same time as the bonds and records relating to the issuance of the bonds are submitted for approval.  The bonds issued by a political subdivision or water supply corporation and the insurance coverage approved by the board are valid, binding, and incontestable after:(1)  approval by the attorney general;(2)  registration by the comptroller;  and(3)  payment by and delivery to the buyer.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.210 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.210. Limitation on Insurance Coverage

Sec. 15.210.  LIMITATION ON INSURANCE COVERAGE.  (a)  Except as provided by Subsection (c) of this section, the total principal balance of all insurance coverage issued by the board and outstanding may not exceed the dollar amount that equals two times the maximum amount of money that the state is authorized to pay under the program by the constitution.(b)  The board may not approve insurance coverage in any state fiscal year that exceeds a total of $100 million for all applicants.(c)  The legislature, by a two-thirds vote of each house, may change the limitations provided by Subsections (a) and (b) of this section.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.211 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.211. Insurance Fees

Sec. 15.211.  INSURANCE FEES.  (a)  The board shall adopt a schedule of fees to be charged an issuer for insurance coverage provided under this subchapter.(b)  Fees charged by the board under this section shall be calculated to provide a reasonable reserve against defaults and impending defaults.(c)  Fees collected under this section shall be deposited in a special reserve fund created in the state treasury for the purpose of paying amounts on default or impending default of any bonds without resorting to the general credit of the state.  The board may invest any money credited to the reserve fund in investments authorized by law for state deposits.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1987, 70th Leg., ch. 1103, Sec. 8, eff. Sept. 1, 1987;  Acts 1989, 71st Leg., ch. 308, Sec. 1, eff. June 14, 1989.|
TX Water Code § 15.212 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.212. Payment by State

Sec. 15.212.  PAYMENT BY STATE.  (a)  On receipt by the executive administrator from the paying agent for any insured bond of a written notice by registered or certified mail that a payment on the bond is due but has not been made to the paying agent by the issuer and that the issuer's reserves are insufficient to cover the payment, the executive administrator shall have a deposit of funds made with the paying agent sufficient to cover the payment due on the bond less any amount already held by the paying agent to pay the principal of and interest on the bond.(b)  On transfer of the payment to the paying agent under Subsection (a) of this section and on receipt of the uncanceled bond or coupon, the state becomes the owner of the bond or coupon and is subrogated to the rights of the bondholder with respect to the amount paid by the state.(c)  After making payment on the bonds under Subsection (a) of this section, the board shall attempt to collect from the issuer the amount paid by the state.  The board may enter into agreements for the issuer to pay those claims, may enforce any provisions of the bonds relating to actions that may be taken by bondholders on default, or may sue the issuer to collect amounts paid by the state.  The attorney general, at the request of the board, shall take all necessary legal action to assist the board in carrying out this subsection.(d)  Money collected under Subsection (c) of this section shall be deposited in the special reserve fund up to the amount used from that fund to pay the defaulted bonds.  Any remaining money collected and not deposited in that fund shall be deposited in the general revenue fund.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1987, 70th Leg., ch. 977, Sec. 13, eff. June 19, 1987.|
TX Water Code § 15.213 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.213. Refunding Bonds

Sec. 15.213.  REFUNDING BONDS.  Without the express written consent of the board, insurance provided by the board under this subchapter shall not extend to refunding bonds issued to replace bonds that have been insured by the board.  The board may give its consent under procedures provided by its rules.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.|
TX Water Code § 15.214 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.214. Inspection of Projects

Sec. 15.214.  INSPECTION OF PROJECTS.  (a)  The board may inspect at any time the construction of a project being constructed with proceeds of revenue bonds insured by the board to assure that:(1)  the contractor is substantially complying with the approved engineering plans of the project;  and(2)  the contractor is constructing the project in accordance with sound engineering principles.(b)  Inspection of a project by the board does not subject the state to any civil liability.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1987, 70th Leg., ch. 977, Sec. 14, eff. June 19, 1987.|
TX Water Code § 15.215 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.215. Alteration of Plans

Sec. 15.215.  ALTERATION OF PLANS.  After approval of engineering plans, a political subdivision or water supply corporation may not make any substantial or material alteration in the plans unless the executive administrator authorizes the alteration.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1987, 70th Leg., ch. 977, Sec. 14, eff. June 19, 1987.|
TX Water Code § 15.216 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.216. Certificate of Approval

Sec. 15.216.  CERTIFICATE OF APPROVAL.  The board may consider the following as grounds for refusal to give a certificate of approval for any construction contract:(1)  failure to construct the project according to approved plans;(2)  failure to construct the project in accordance with sound engineering principles;  or(3)  failure to comply with any terms of the contract.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1987, 70th Leg., ch. 977, Sec. 14, eff. June 19, 1987.|
TX Water Code § 15.217 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.217. Open Records and Open Meetings Laws

Sec. 15.217.  OPEN RECORDS AND OPEN MEETINGS LAWS.  Water supply corporations receiving any assistance under this Act are subject to Chapter 552, Government Code, and Chapter 551, Government Code.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.95(78), (90), eff. Sept. 1, 1995.|
TX Water Code § 15.218 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter D. Water Bond Insurance Program|Section 15.218. Report

Sec. 15.218.  REPORT.  (a)  Not later than January 1 of each odd-numbered year, the board shall prepare and submit to the governor, lieutenant governor, and speaker of the house a report relating to the financial impact of the bond insurance program during the immediately preceding biennium.(b)  The report shall include:(1)  the total amount of insurance coverage authorized by the board during the biennium;(2)  the number of insurance coverage authorizations granted by the board;(3)  a list of the issuers receiving insurance coverage from the board during the biennium and the amount of insurance coverage provided to each issuer;(4)  an analysis of the marketability of the bonds of the issuers receiving insurance coverage during the biennium and the effect that the insurance coverage had on interest rates and bond ratings for those issuers;(5)  an analysis of the marketability of bonds issued by the state and its agencies during the biennium and the effect that the bond insurance program had on interest rates on state bonds and the state's bond rating;(6)  an analysis of the impact on the commercial bond market and bond interest rates generally during the biennium as a result of the implementation of the bond insurance program with particular emphasis on the impact on bonds of political subdivisions and water supply corporations that did not participate in the program;(7)  recommendations for changes in the bond issuance program that will favorably affect marketability of state bonds and issuer's bonds, bond ratings, and interest rates;  and(8)  any other information, analyses, and recommendations that the board considers necessary to give the governor and the legislature a complete understanding of the financial impact of the bond insurance program.(c)  The state comptroller on request shall provide to the board all information and assistance necessary for the board to prepare this report.|Added by Acts 1985, 69th Leg., ch. 133, Sec. 2.05.  Amended by Acts 1987, 70th Leg., ch. 977, Sec. 14, eff. June 19, 1987;  Acts 1997, 75th Leg., ch. 1423, Sec. 20.02, eff. Sept. 1, 1997.|
TX Water Code § 15.301 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter E. Storage Acquisition Program|Section 15.301. Fund Created

Sec. 15.301.  FUND CREATED.  There is created a fund in the state treasury to be known as the storage acquisition fund which is to be funded by direct appropriations and by transfers from the fund at the discretion of the board.|Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.  Amended by Acts 1985, 69th Leg., ch. 133, Sec. 2.06.|
TX Water Code § 15.302 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter E. Storage Acquisition Program|Section 15.302. Authorized Projects

Sec. 15.302.  AUTHORIZED PROJECTS.  (a)  The board may use the storage acquisition fund for projects including the design, acquisition, lease, construction, reconstruction, development, or enlargement in whole or part of any existing or proposed water storage project.(b)  In addition, the board may, at its discretion and in accordance with its rules, contract with a political subdivision, under terms and conditions established by the board, to pay the principal of or interest on or both the principal of and interest on bonds or other obligations issued or to be issued by a political subdivision.|Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.|
TX Water Code § 15.303 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter E. Storage Acquisition Program|Section 15.303. Joint Ventures

Sec. 15.303.  JOINT VENTURES.  The board may act singly or in a joint venture in partnership with any political subdivision, with the United States, or with any other state to the extent permitted by law.|Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.|
TX Water Code § 15.304 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter E. Storage Acquisition Program|Section 15.304. Permits Required

Sec. 15.304.  PERMITS REQUIRED.  Except as provided by Section 15.3041 of this code, the board shall obtain permits from the commission for the storage, transportation, and application to beneficial use of water in reservoirs and associated works constructed by the board.|Added by Acts 1981, 67th Leg., 1st C.S., p. 102, ch. 12, Sec. 1, eff. Nov. 10, 1981.  Amended by Acts 1985, 69th Leg., ch. 133, Sec. 4.03.|