reglab/housing_qa huggingface dataset:
TX Water Code § 17.894 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.894. Bond Enhancement Agreements; Payment of Expenses

Sec. 17.894.  BOND ENHANCEMENT AGREEMENTS;  PAYMENT OF EXPENSES.  (a)  The board at any time and from time to time may enter into one or more bond enhancement agreements that the board determines to be necessary or appropriate to place the obligation of the board, as represented by the bonds, in whole or in part, on the interest rate, currency, cash flow, or other basis desired by the board.  A bond enhancement agreement is an agreement for professional services and shall contain the terms and conditions and be for the period that the board approves.(b)  The fees and expenses of the board in connection with the issuance of the bonds and the providing of financial assistance to political subdivisions may be paid from money in the fund, provided that any payments due from the board under a bond enhancement agreement, other than fees and expenses, that relate to the payment of debt service on the bonds constitute payments of principal of and interest on the bonds.(c)  Bond enhancement agreements may include, on terms and conditions approved by the board, interest rate swap agreements;  currency swap agreements;  forward payment conversion agreements;  agreements providing for payments based on levels of or changes in interest rates or currency exchange rates;  agreements to exchange cash flows or a series of payments;  agreements, including options, puts, or calls, to hedge payment, currency, rate, spread, or other exposure;  or other agreements that further enhance the marketability, security, or creditworthiness of water financial assistance bonds.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2001, 77th Leg., ch. 1234, Sec. 31, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 200, Sec. 19(j), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 10, eff. Sept. 1, 2003.|
TX Water Code § 17.895 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.895. Sources of Assets

Sec. 17.895.  SOURCES OF ASSETS.  The fund is composed of:(1)  money and assets, including bond proceeds, attributable to the bonds;(2)  investment income earned on money on deposit in the fund and depository interest earned on money on deposit in the state treasury;(3)  money appropriated by the legislature;(4)  repayments of principal and interest on loans made under this subchapter;(5)  administrative fees charged by the board under the bond program;(6) money disbursed to the fund from the state water implementation fund for Texas as authorized by Section 15.434; and(7)  any other funds, regardless of their source, that the board directs be deposited to the credit of the fund.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 4.09, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 456, Sec. 7, eff. June 18, 1999;  Acts 1999, 76th Leg., ch. 979, Sec. 9, eff. June 18, 1999;  Acts 2001, 77th Leg., ch. 966, Sec. 4.20, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 200, Sec. 19(k), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 11, eff. Sept. 1, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4), Sec. 2.14, eff. November 5, 2013.|
TX Water Code § 17.896 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.896. Repayment Proceeds

Sec. 17.896.  REPAYMENT PROCEEDS.  The board shall designate a transfer of repayment of principal and interest on a loan made under this subchapter to the fund, the interest and sinking fund, or any account in the funds.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(l), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 12, eff. Sept. 1, 2003.|
TX Water Code § 17.897 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.897. Conservation Program

Sec. 17.897.  CONSERVATION PROGRAM.  (a)  A conservation program is:(1)  an agricultural water conservation technical assistance program, including a program for an on-farm soil and water conservation plan developed jointly by a landowner, an operator, and a local soil and water conservation district as provided by Subchapter H, Chapter 201, Agriculture Code;(2)  a research, demonstration, technology transfer, or educational program relating to agricultural water use and conservation;(3)  a precipitation enhancement program in an area of the state where the program, in the board's judgment, would be most effective;  and(4)  any other agricultural water conservation program defined by board rule.(b)  The costs of a conservation program eligible for financial assistance under Section 17.899 are the costs of the capital equipment, materials, labor, preparation, installation, or administration directly associated with implementing and completing the program.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(m), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 13, eff. Sept. 1, 2003.|
TX Water Code § 17.898 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.898. Conservation Project

Sec. 17.898.  CONSERVATION PROJECT.  (a)  A conservation project is a project that:(1)  improves water use efficiency of water delivery and application on existing irrigation systems;(2)  prepares irrigated land for conversion to dryland conditions;(3)  prepares dryland for more efficient use of natural precipitation;(4)  purchases and installs on public or private property devices designed to indicate the amount of water withdrawn for irrigation purposes;(5)  prepares and maintains land to be used for brush control activities in areas of the state where those activities in the board's judgment would be most effective, including activities conducted under Chapter 203, Agriculture Code;  or(6)  implements any other agricultural water conservation project defined by board rule.(b)  The costs of a conservation project eligible for financial assistance under Section 17.899 are the costs of the capital equipment, materials, labor, preparation, installation, or administration directly associated with implementing and completing the project.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(n), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 14, eff. Sept. 1, 2003.|
TX Water Code § 17.899 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.899. Eligible Fund Uses

Sec. 17.899.  ELIGIBLE FUND USES.  (a)  Money in the fund, excluding money in the interest and sinking fund, may be used by the board to:(1)  provide a grant to a state agency to fund a conservation program or conservation project, including a conservation program that provides funding to a political subdivision or person for a conservation project;(2)  provide a grant or loan to a political subdivision for a conservation program or conservation project;(3)  provide a linked deposit to an eligible financial institution for a loan to a person for a conservation project;(4)  pay for a board conservation program;(5)  make a transfer to the interest and sinking fund;(6)  pay the costs of a bond issuance;  and(7)  pay for a board expense in administering the agricultural water conservation program under this subchapter.(b)  Money in the interest and sinking fund may be used for the payment of bonds or, to the extent there are funds in excess of bond payment requirements, for transfers to the fund, or any other account in the funds.(c)  The board shall transfer back to the state water implementation fund for Texas any money disbursed to the fund as described by Section 17.895(6) if the requirements of Section 15.435 are satisfied.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1993, 73rd Leg., ch. 477, Sec. 15, eff. Aug. 30, 1993;  Acts 2003, 78th Leg., ch. 200, Sec. 19(o), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 15, eff. Sept. 1, 2003.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4), Sec. 2.15, eff. November 5, 2013.|
TX Water Code § 17.900 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.900. Grant to State Agency

Sec. 17.900.  GRANT TO STATE AGENCY.  (a)  A state agency seeking a grant for a conservation program or conservation project must file an application with the board.(b)  In reviewing an application for a grant, the board shall consider:(1)  the commitment of the state agency to water conservation;  and(2)  the benefits that will be gained by making the grant.(c)  To approve the grant, the board must find that:(1)  the grant funds will supplement rather than replace money of the state agency;(2)  the public interest is served by providing the grant;  and(3)  the grant will further water conservation in the state.(d)  If a state agency is applying for funds that have been provided by legislative appropriation for such state agency, the board shall review the application according to the terms of the legislative appropriation.  To approve such grant, the board shall make the determination required by the legislative language.(e)  The board may make money available to a state agency in any manner that it considers feasible, including a grant agreement with the state agency.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(p), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 16, eff. Sept. 1, 2003.|
TX Water Code § 17.901 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.901. Grant or Loan to Political Subdivision

Sec. 17.901.  GRANT OR LOAN TO POLITICAL SUBDIVISION.  The board may make a grant or loan to a political subdivision for a conservation program or conservation project.  A political subdivision seeking a grant or loan must file an application with the board.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(q), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 17, eff. Sept. 1, 2003.|
TX Water Code § 17.902 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.902. Review of Application for and Approval of Grant

Sec. 17.902.  REVIEW OF APPLICATION FOR AND APPROVAL OF GRANT.  (a)  In reviewing an application by a political subdivision for a grant, the board shall consider:(1)  the degree to which the political subdivision has used other available resources to finance the use for which the application is being made;(2)  the willingness and ability of the political subdivision to raise revenue;(3)  the commitment of the political subdivision to water conservation;  and(4)  the benefits that will be gained by making the grant.(b)  To approve a grant to a political subdivision, the board must find that:(1)  the grant funds will supplement rather than replace money of the political subdivision;(2)  the public interest is served by providing the grant;  and(3)  the grant will further water conservation in the state.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 200, Sec. 19(r), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 18, eff. Sept. 1, 2003.|
TX Water Code § 17.9021 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.9021. Application for and Approval of Loan

Sec. 17.9021.  APPLICATION FOR AND APPROVAL OF LOAN.  (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.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(s), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 19, eff. Sept. 1, 2003.|
TX Water Code § 17.9022 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.9022. Financing of Grant or Loan for Political Subdivision; Default; Venue

Sec. 17.9022.  FINANCING OF GRANT OR LOAN FOR POLITICAL SUBDIVISION; DEFAULT; VENUE.   The board may make a loan or grant available to a political subdivision in any manner the board considers economically feasible, including purchase of bonds or securities of the political subdivision or execution of a loan or grant agreement with the political subdivision.  The board may not purchase bonds or securities that have not been approved by the attorney general and registered by the comptroller.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(s), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 19, eff. Sept. 1, 2003.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1233 (S.B. 660), Sec. 13, eff. September 1, 2011.|
TX Water Code § 17.903 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.903. Contract Authority

Sec. 17.903.  CONTRACT AUTHORITY.  (a)  A political subdivision may borrow money for the purposes of this subchapter and may adopt necessary rules to carry out this subchapter.(b)  The board shall have the power to enter into any contracts to carry out the provisions of this subchapter.|Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2001, 77th Leg., ch. 1234, Sec. 32, eff. Sept. 1, 2001;  Acts 2003, 78th Leg., ch. 200, Sec. 19(t), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 20, eff. Sept. 1, 2003.|
TX Water Code § 17.904 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.904. Linked Deposit

Sec. 17.904.  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(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.905 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.905. Linked Deposit Program

Sec. 17.905.  LINKED DEPOSIT PROGRAM.  (a)  The board by rule may establish an agricultural water conservation 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(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.906 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.906. Application by Eligible Lending Institutions to Participate in Linked Deposit Program

Sec. 17.906.  APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM.  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.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.907 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.907. Approval or Rejection of Application

Sec. 17.907.  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 applications to the executive administrator.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.908 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.908. Deposit Agreement

Sec. 17.908.  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 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(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.909 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.909. Compliance

Sec. 17.909.  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(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.910 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.910. State Liability Prohibited

Sec. 17.910.  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(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.911 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.911. Limitations on Program

Sec. 17.911.  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(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.912 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.912. Rules

Sec. 17.912.  RULES.  The board shall adopt rules necessary to carry out this subchapter.  Applications shall be in the form and manner as provided by board rules.|Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.|
TX Water Code § 17.913 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 17 - Public Funding|Subchapter J. Agricultural Water Conservation Bond Program|Section 17.913. Grant Standards

Sec. 17.913.  GRANT STANDARDS.  The law regarding uniform grant and contract management, Chapter 783, Government Code, does not apply to a contract under this subchapter.|Added by Acts 2021, 87th Leg., R.S., Ch. 108 (S.B. 1890), Sec. 3, eff. September 1, 2021.|