reglab/housing_qa huggingface dataset:
TX Water Code § 15.604 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.604. Financial Assistance Under the Revolving Fund

Sec. 15.604.  FINANCIAL ASSISTANCE UNDER THE REVOLVING FUND.(a)  The board may use the revolving fund for financial assistance only as provided by the federal act:(1)  to make loans, on the conditions that:(A)  the loan is made at or below market interest rates, including an interest-free loan;(B)  principal and interest payments will begin not later than one year after completion of the project to be financed and the loan will be fully amortized not later than the expiration date of the term of the loan;(C)  the recipient of the loan will establish a dedicated source of revenue for repayment of the loan; and(D)  the revolving fund will be credited with all payments of principal of and interest on the loan;(2)  to buy or refinance the debt obligation of political subdivisions at or below market rates if the debt obligations were incurred after March 7, 1985;(3)  to guarantee or purchase insurance for political subdivisions if the guarantee or insurance would improve access to market credit or reduce interest rates;(4)  as a source of revenue or security for the payment of principal and interest on bonds issued by the state if the proceeds of the sale of those bonds will be deposited in the revolving fund;(5)  to provide loan guarantees to similar revolving funds established by municipalities or intermunicipal agencies;(6)  to earn interest on revolving fund accounts;(7)  for the reasonable costs of administering the revolving fund and conducting activities provided for by Title VI of the federal act, except that those amounts may not exceed the amount authorized under Title VI of the federal act; and(8)  for other purposes as provided by the federal act.(b)  The board shall adopt rules specifying the manner in which any additional state revolving fund hereafter established by the board, or any capitalization grant under the state water pollution control revolving fund, the safe drinking water revolving fund, or any additional state revolving fund, may be used to provide financial assistance to an eligible applicant for public works.  Such rules shall require financial assistance to be provided for the purpose or purposes and on the terms authorized by the federal legislation or federal agency program under which the additional state revolving fund was established or the capitalization grant was awarded.|Added by Acts 1987, 70th Leg., ch. 420, Sec. 1, eff. June 17, 1987.  Amended by Acts 1993, 73rd Leg., ch. 184, Sec. 3, eff. May 19, 1993;  Acts 2001, 77th Leg., ch. 966, Sec. 4.15, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 200, Sec. 19(c), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 3, eff. Sept. 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1243 (S.B. 2314), Sec. 1, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 428 (S.B. 942), Sec. 3, eff. September 1, 2019.|
TX Water Code § 15.6042 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.6042. Cross-Collateralization of Funds

Sec. 15.6042.  CROSS-COLLATERALIZATION OF FUNDS.  (a)  In this section, "state revolving fund bonds" means revenue bonds issued by the board to provide funds for the revolving fund, the safe drinking water revolving fund, or an additional state revolving fund.(b)  Notwithstanding any other law to the contrary, the board by resolution may approve the use of assets of the revolving fund, the safe drinking water revolving fund, or an additional state revolving fund as a source of revenue or security, or both revenue and security, for the payment of the principal of and interest on state revolving fund bonds.|Added by Acts 2015, 84th Leg., R.S., Ch. 95 (H.B. 1224), Sec. 1, eff. May 23, 2015.|
TX Water Code § 15.605 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.605. Rules

Sec. 15.605.  RULES.  The board shall adopt necessary rules to carry out this subchapter.|Added by Acts 1987, 70th Leg., ch. 420, Sec. 1, eff. June 17, 1987.|
TX Water Code § 15.606 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.606. Lending Rate

Sec. 15.606.  LENDING RATE.  The board shall determine and provide for the lending rates to be charged on loans from the revolving fund.|Added by Acts 1987, 70th Leg., ch. 420, Sec. 1, eff. June 17, 1987.|
TX Water Code § 15.607 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.607. Approval of Application

Sec. 15.607.  APPROVAL OF APPLICATION.  On review of recommendations by the executive administrator, the board by resolution may approve an application if the board finds that in its opinion the revenue or taxes or both revenue and taxes pledged by the applicant will be sufficient to meet all the obligations assumed by the applicant and that the application and assistance applied for meet the requirements of the federal act and state law, including Section 16.4021. |Added by Acts 1987, 70th Leg., ch. 420, Sec. 1, eff. June 17, 1987.  Amended by Acts 2001, 77th Leg., ch. 966, Sec. 4.16, eff. Sept. 1, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 886 (H.B. 3339), Sec. 4, eff. September 1, 2019.|
TX Water Code § 15.608 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.608. Approval and Registration

Sec. 15.608.  APPROVAL AND REGISTRATION.  The board may not buy or refinance any bonds or securities or guarantee or purchase insurance for bonds or securities of political subdivisions that have not been approved by the attorney general and registered by the comptroller.|Added by Acts 1987, 70th Leg., ch. 420, Sec. 1, eff. June 17, 1987.|
TX Water Code § 15.609 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.609. Recovery of Administrative Costs

Sec. 15.609.  RECOVERY OF ADMINISTRATIVE COSTS.  (a)  The board may charge a recipient of financial assistance from the revolving fund or an additional state revolving fund an origination fee and an annual fee.  The board by rule shall set the fees at amounts it considers necessary to recover the costs incurred by the board in administering the revolving fund or an additional state revolving fund that are not paid from that fund.(b)  The board may establish one or more operating funds to finance the administration of the revolving fund or an additional state revolving fund.  An operating fund must be held outside the state treasury and separate from the fund to which it relates.  The board shall deposit to the credit of the appropriate operating fund the fees collected under Subsection (a).  The board shall use money deposited to the credit of an operating fund to pay the board's costs of administering the revolving fund or additional state revolving fund to which the operating fund relates, including the cost of servicing debt obligations of recipients of financial assistance made available from the revolving fund or additional state revolving fund.(c)  The board may not transfer money in the revolving fund or an additional state revolving fund to an operating fund, but the board may transfer money in an operating fund to the revolving fund or additional state revolving fund to which the operating fund relates.(d)  Money in an operating fund shall be invested in authorized investments as provided by board order, resolution, or rule.(e)  The board may agree with the holder of a bond the proceeds of which will be deposited in the revolving fund or an additional state revolving fund that the board will use money in an operating fund only as provided by this section.|Added by Acts 1995, 74th Leg., ch. 281, Sec. 1, eff. June 5, 1995.|
TX Water Code § 15.610 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.610. Linked Deposit

Sec. 15.610.  LINKED DEPOSIT.  A linked deposit is a deposit governed by a written deposit agreement between the board and an eligible lending institution that provides that:(1)  the eligible lending institution pay interest on the deposit at a rate determined by the board;(2)  the state not withdraw any part of the deposit before the expiration of a period set by a written advance notice of the intention to withdraw;  and(3)  the eligible lending institution agree to lend the value of the deposit to a person at a maximum rate that is the rate paid by the eligible lending institution to the board plus a maximum of four percent.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.611 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.611. Linked Deposit Program

Sec. 15.611.  LINKED DEPOSIT PROGRAM.  (a)  The board by rule may establish a nonpoint source pollution control linked deposit program in accordance with this subchapter.(b)  An eligible lending institution may participate in the program established under this section as provided by this subchapter.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.612 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.612. Application by Eligible Lending Institutions to Participate in Linked Deposit Program

Sec. 15.612.  APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM.  To participate in the nonpoint source pollution control linked deposit program, an eligible lending institution must:(1)  solicit loan applications, which must contain a description of a proposed nonpoint source pollution control 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 proposed project by the appropriate person as required by Section 15.613.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.613 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.613. Certification of Project

Sec. 15.613.  CERTIFICATION OF PROJECT.  (a)  An eligible lending institution must obtain from a director of a soil and water conservation district certification of an agricultural or silvicultural nonpoint source pollution control project proposed for the district.  The certification must state that:(1)  the applicant of the proposed project has a water quality management plan certified by the State Soil and Water Conservation Board;  and(2)  the project furthers or implements the plan.(b)  An eligible lending institution must obtain from the executive director certification of a proposed nonpoint source pollution control project that is not an agricultural or silvicultural nonpoint source pollution control project.  The certification must state that the applicant's proposed project implements the state's nonpoint source pollution management plan.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.614 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.614. Approval or Rejection of Application

Sec. 15.614.  APPROVAL OR REJECTION OF APPLICATION.  The board may approve or reject an application of an eligible lending institution to participate in the program.  The board may delegate its authority to approve or reject an application to the executive administrator.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.615 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.615. Deposit Agreement

Sec. 15.615.  DEPOSIT AGREEMENT.  If the board approves an application of an eligible lending institution, the board and the eligible lending institution shall enter into a written deposit agreement.  The agreement shall contain the conditions on which the linked deposit is made.  On execution of the agreement, the board shall place a linked deposit from the revolving fund with the eligible lending institution in accordance with the agreement.  A delay in payment or a default on a loan by an applicant does not affect the validity of the deposit agreement.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.616 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.616. Compliance

Sec. 15.616.  COMPLIANCE.  (a)  On accepting a linked deposit, an eligible lending institution must lend money to an approved applicant in accordance with the deposit agreement and this subchapter.  The eligible lending institution shall forward a compliance report to the board in accordance with board rules.  The board shall adopt rules regarding the compliance report.(b)  The board shall monitor compliance with this subchapter and inform the comptroller of noncompliance on the part of an eligible lending institution.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.617 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.617. State Liability Prohibited

Sec. 15.617.  STATE LIABILITY PROHIBITED.  The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to an approved applicant.  A linked deposit is not an extension of the state's credit within the meaning of any state constitutional prohibition.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.618 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter J. Financial Assistance for Water Pollution Control|Section 15.618. Limitations on Program

Sec. 15.618.  LIMITATIONS ON PROGRAM.  (a)  The maximum amount of a loan under the linked deposit program is $250,000.(b)  The board may withdraw linked deposits from an eligible lending institution if the institution ceases to be either a state depository or a Farm Credit System institution headquartered in this state.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 4, eff. Sept. 1, 2003.|
TX Water Code § 15.701 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter K. Texas Water Bank|Section 15.701. Definitions

Sec. 15.701.  DEFINITIONS.  In this subchapter:(1)  "Deposit" means the placement of a water right or the right to use water in the water bank for transfer.(2)  "Depositor" means a person who deposits or has on deposit a water right in the water bank or trust.(3)  "Person" includes but is not limited to any individual, corporation, organization, government, or governmental subdivision or agency, including the board, business trust, estate, trust, partnership, association, and any other legal entity.(4)  "Transfer" means the conveyance of a water right or the right to use water under a water right in any of the following manners:(A)  the conveyance of legal title to a water right;  or(B)  a contract or option contract to allow use of a water right.(5)  "Trust" means the Texas Water Trust.(6)  "Water bank" or "bank" means the Texas Water Bank.(7)  "Water right" means a right acquired or authorized under the laws of this state to impound, divert, or use state water, underground water, or water from any source to the extent authorized by law.|Added by Acts 1993, 73rd Leg., ch. 647, Sec. 1, eff. Aug. 30, 1993.  Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 2.13, eff. Sept. 1, 1997;  Acts 2001, 77th Leg., ch. 966, Sec. 2.14, eff. Sept. 1, 2001.|
TX Water Code § 15.702 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter K. Texas Water Bank|Section 15.702. Creation of Bank

Sec. 15.702.  CREATION OF BANK.  The Texas Water Development Board shall establish the Texas Water Bank.  The board shall administer the water bank to facilitate water transactions to provide sources of adequate water supplies for use within the State of Texas.|Added by Acts 1993, 73rd Leg., ch. 647, Sec. 1, eff. Aug. 30, 1993.  Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 2.14, eff. Sept. 1, 1997.|
TX Water Code § 15.703 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter K. Texas Water Bank|Section 15.703. Operation of the Bank; Rules

Sec. 15.703.  OPERATION OF THE BANK;  RULES.  (a)  The board may take all actions necessary to operate the water bank and to facilitate the transfer of water rights from the water bank for future beneficial use including but not limited to:(1)  negotiating a sale price and terms acceptable to the depositor and purchaser;(2)  maintaining a registry of water bank deposits and those water users in need of additional supplies;(3)  informing water users in need of additional supply of water rights available in the bank;(4)  encouraging water right holders to implement water conservation practices and deposit the right to use the conserved water into the bank;(5)  establishing requirements for deposit of a water right into the water bank including minimum terms for deposit;(6)  purchasing, holding, and transferring water or water rights in its own name;(7)  establishing regional water banks;(8)  acting as a clearinghouse for water marketing information including water availability, pricing of water transactions, environmental considerations, and potential buyers and sellers of water rights;(9)  preparing and publishing a manual on structuring water transactions;(10)  accepting and holding donations of water rights to meet instream, water quality, fish and wildlife habitat, or bay and estuary inflow needs;(11)  entering into contracts with persons to pay for feasibility studies or the preparation of plans and specifications relating to water conservation efforts or to estimate the amount of water that would be saved through conservation efforts;  and(12)  other actions to facilitate water transactions.(b)  The board may adopt rules necessary for implementation of the Texas Water Bank.(c)  The board may contract with any person to achieve the purposes of this subchapter.|Added by Acts 1993, 73rd Leg., ch. 647, Sec. 1, eff. Aug. 30, 1993.  Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 2.15, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 61, Sec. 1, eff. May 10, 1999.|
TX Water Code § 15.7031 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter K. Texas Water Bank|Section 15.7031. Texas Water Trust

Sec. 15.7031.  TEXAS WATER TRUST.  (a)  The Texas Water Trust is established within the water bank to hold water rights dedicated to environmental needs, including instream flows, water quality, fish and wildlife habitat, or bay and estuary inflows.(b)  The board, in consultation with the Parks and Wildlife Department and the commission, shall adopt rules governing the process for holding and transferring water rights.(c)  The dedication of any water rights placed in trust must be reviewed and approved by the commission, in consultation with the board and the Parks and Wildlife Department.  In addition, the Department of Agriculture may provide input to the commission, as appropriate, during the review and approval process for dedication of water rights.(d)  Water rights may be held in the trust for a term specified by contractual agreement or in perpetuity.(e)  The Parks and Wildlife Department may manage rights in the trust:(1)  under a voluntary agreement with a rights holder; and(2)  in the manner described by Section 12.028(c), Parks and Wildlife Code.|Added by Acts 1997, 75th Leg., ch. 1010, Sec. 2.16, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 456, Sec. 2, eff. June 18, 1999;  Acts 1999, 76th Leg., ch. 979, Sec. 2, eff. June 18, 1999.Amended by: Acts 2021, 87th Leg., R.S., Ch. 689 (H.B. 2225), Sec. 2, eff. September 1, 2021.|
TX Water Code § 15.704 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 15 - Texas Water Assistance Program|Subchapter K. Texas Water Bank|Section 15.704. Transfers and Conditions

Sec. 15.704.  TRANSFERS AND CONDITIONS.  (a)  A water right may be deposited in the water bank for an initial term of up to 10 years, unless otherwise held in the Texas Water Trust as established under Section 15.7031 of this code, during which time the water right is exempt from cancellation by the commission under the terms of Subchapter E of Chapter 11  of this code.  A water right is exempt from cancellation under this subsection only once even if it has been transferred or redeposited.(b)  The commission may not bring a cancellation action under Subchapter E of Chapter 11 of this code for a 10-year period following commission approval of any necessary actions relating to a water right which has been transferred while on deposit in the water bank.(c)  A contract or option contract to allow use of a water right under this subchapter:(1)  may include a requirement that the purchaser show diligence in pursuing feasible and practicable alternative water supplies;  and(2)  does not vest any right in the purchaser beyond the stated terms and conditions of the contract or option contract.|Added by Acts 1993, 73rd Leg., ch. 647, Sec. 1, eff. Aug. 30, 1993.  Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 2.17, eff. Sept. 1, 1997.|