reglab/housing_qa huggingface dataset:
TX Water Code § 20.020 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter B. Administrative Provisions|Section 20.020. Fiscal Year; Annual Audit

Sec. 20.020.  FISCAL YEAR;  ANNUAL AUDIT.  (a)  The authority shall operate on a fiscal year beginning September 1.(b)  The state auditor may audit the authority's books and accounts, based on a risk assessment performed by the state auditor and subject to the legislative audit committee's approval of including the audit in the audit plan under Section 321.013, Government Code. The cost of an audit shall be paid by the authority.(c)  A copy of the audit shall be filed with the governor and with both houses of the legislature on or before January 1 of each year, except if the audit is being made by the state auditor and is not available by January 1, it shall be filed as soon as it is available.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.  Amended by Acts 2003, 78th Leg., ch. 785, Sec. 50, eff. Sept. 1, 2003.|
TX Water Code § 20.021 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter B. Administrative Provisions|Section 20.021. Authority Expenses

Sec. 20.021.  AUTHORITY EXPENSES.  (a)  Expenses incurred by the authority under this Act shall be paid solely from revenues or funds provided or to be provided under this chapter.(b)  This chapter may not be construed to authorize the authority to incur any indebtedness or liability on behalf of or payable by the state.(c)  The authority may not accept and is not entitled to receive any money appropriated by the state.(d)  The board shall use all available sources of revenue and income to pay expenses of operation and maintenance of the authority, to pay the premium, principal of and interest on bonds, and to create and maintain any reserves or funds provided by resolutions authorizing the issuance of bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.022 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter B. Administrative Provisions|Section 20.022. Suits

Sec. 20.022.  SUITS.  The authority may sue and be sued in the courts of this state in the name of the authority, and the courts shall take judicial notice of the creation of the authority.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.023 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter B. Administrative Provisions|Section 20.023. Seal

Sec. 20.023.  SEAL.  The board may adopt a seal for the authority.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.041 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter C. Powers and Duties|Section 20.041. General Powers and Duties

Sec. 20.041.  GENERAL POWERS AND DUTIES.  The authority may exercise any authority necessary or appropriate to carry out the purposes of this chapter.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.042 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter C. Powers and Duties|Section 20.042. Gifts, Grants, Etc

Sec. 20.042.  GIFTS, GRANTS, ETC.  The board may request and accept for the authority grants, allocations, subsidies, guaranties, aid, contributions, services, labor, materials, gifts, and donations.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.043 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter C. Powers and Duties|Section 20.043. Contracts

Sec. 20.043.  CONTRACTS.  The board on behalf of the authority may enter into contracts with any person to carry out this chapter.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.044 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter C. Powers and Duties|Section 20.044. Purchase of Insurance

Sec. 20.044.  PURCHASE OF INSURANCE.  The board may purchase for the authority and pay premiums on insurance of any type, in any amounts, and from any insurers the board considers advisable.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.045 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter C. Powers and Duties|Section 20.045. Contracts With Development Board

Sec. 20.045.  CONTRACTS WITH DEVELOPMENT BOARD.  The authority may enter into contracts with the development board and with consultants as necessary to perform the functions provided by this chapter.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.071 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter D. Political Subdivision Bonds|Section 20.071. Purchase of Political Subdivision Bonds

Sec. 20.071.  PURCHASE OF POLITICAL SUBDIVISION BONDS.  The board may purchase political subdivision bonds including bonds that are acquired or owned by the development board.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.072 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter D. Political Subdivision Bonds|Section 20.072. Acquisition of Certain Development Board Bonds

Sec. 20.072.  ACQUISITION OF CERTAIN DEVELOPMENT BOARD BONDS.  If the board agrees to purchase political subdivision bonds from the development board that have not been purchased by the development board at the time of the agreement, the board may pay the purchase price for those bonds in exchange for the agreement of the development board to transfer those bonds to the board at the time the development board acquires them.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.073 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter D. Political Subdivision Bonds|Section 20.073. Price and Terms of Purchase

Sec. 20.073.  PRICE AND TERMS OF PURCHASE.  The board shall purchase political subdivision bonds at prices and under terms the board determines to be reasonable.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.074 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter D. Political Subdivision Bonds|Section 20.074. Revenue Bonds

Sec. 20.074.  REVENUE BONDS.  (a)  The board may issue revenue bonds in the name of the authority to finance the cost of acquisition of political subdivision bonds and to pay the cost of bond issuance.(b)  The board may provide for payment of the premium, principal of, and interest on revenue bonds by pledging all or part of the revenue derived from political subdivision bonds acquired or to be acquired by the authority or from other sources of funds available to the authority.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.075 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter D. Political Subdivision Bonds|Section 20.075. Contract for Obtaining Compliance With Political Subdivision Bonds

Sec. 20.075.  CONTRACT FOR OBTAINING COMPLIANCE WITH POLITICAL SUBDIVISION BONDS.  The board shall enter into a contract with the development board for the development board to perform the functions required to ensure that the political subdivisions pay the debt service on political subdivision bonds and observe the conditions and requirements set forth in those bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.076 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter D. Political Subdivision Bonds|Section 20.076. Enforcement of Political Subdivision Bonds

Sec. 20.076.  ENFORCEMENT OF POLITICAL SUBDIVISION BONDS.  (a)  If there is a default in the payment of principal of or interest on political subdivision bonds purchased by the authority or any other default as defined in the proceedings or indentures authorizing the issuance of the bonds, the attorney general shall institute appropriate proceedings for mandamus or other legal remedies to compel the political subdivision or its officers, agents, and employees to cure the default by performing those duties that they are legally obligated to perform.(b)  The proceedings shall be brought and venue shall be in a district court of Travis County.(c)  This section is cumulative of any other rights or remedies to which the board may be entitled.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.101 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.101. Issuance of Bonds

Sec. 20.101.  ISSUANCE OF BONDS.  For the issuance of bonds under this chapter, the board may exercise the authority granted to the governing body of an issuer with regard to issuance of obligations under Chapter 1371, Government Code, to the extent that it is not inconsistent with this chapter.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.416, eff. Sept. 1, 2001.|
TX Water Code § 20.102 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.102. Conditions for Issuance of Bonds

Sec. 20.102.  CONDITIONS FOR ISSUANCE OF BONDS.  (a)  Bonds may be issued as various series and issues.(b)  Bonds issued by the authority may mature serially or otherwise not later than 50 years after the date on which they are issued.(c)  The bonds may bear interest at a rate or rates determined in accordance with the resolution or order authorizing the issuance of the bonds but not to exceed the net effective interest rate authorized by Chapter 1204, Government Code.(d)  Rates of interest on bonds may be fixed, variable, floating, adjustable, or otherwise.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.417, eff. Sept. 1, 2001.|
TX Water Code § 20.103 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.103. Periodic Determination of Interest

Sec. 20.103.  PERIODIC DETERMINATION OF INTEREST.  A bond resolution or order may provide for the periodic determination of interest rates without the board being required to give specific approval.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.104 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.104. Persons Designated to Act as Agents of Board

Sec. 20.104.  PERSONS DESIGNATED TO ACT AS AGENTS OF BOARD.  (a)  A bond resolution or order may delegate to one or more officers, employees, or agents designated by the board authority to act on behalf of the board during the time bonds are outstanding to fix dates, prices, interest rates, and interest payment periods and to perform other procedures specified in the resolution.(b)  The person designated by the board may adjust the interest on bonds as necessary to permit the bonds to be sold or resold at par in conjunction with secondary market transactions.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.105 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.105. Security Qualifications

Sec. 20.105.  SECURITY QUALIFICATIONS.  The board may take any action necessary to qualify the authority bonds for offer and sale under the securities laws and regulations of the United States, this state, and other states of the United States.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.106 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.106. Investment Securities

Sec. 20.106.  INVESTMENT SECURITIES.  The bonds and any interest coupons are investment securities under Chapter 8, Business & Commerce Code, and may be issued registrable as to principal or as to both principal and interest or may be made redeemable before maturity at the option of the authority or may contain a mandatory redemption provision.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.107 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.107. Form of Bonds

Sec. 20.107.  FORM OF BONDS.  (a)  The authority's bonds may be issued in the form, denominations, and manner and under the terms, conditions, and details as provided by the board in the resolution or order authorizing their issuance.(b)  The bonds shall be signed and executed as provided by the board's resolution or order authorizing the issuance of the bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.108 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.108. Funds

Sec. 20.108.  FUNDS.  (a)  In the resolution or order authorizing issuance of bonds, the board may make additional covenants with respect to the bonds and the pledged revenues and may provide for the flow of funds and the establishment, maintenance, and investment of funds.(b)  The funds established may include an interest and sinking fund, a reserve fund, and other funds that will be kept and maintained by or under the direction of the board.(c)  Any funds established by the board are not to be part of the state treasury but, at the direction of the board, may be kept and held in escrow and in trust by the state treasury on behalf of the authority and the owners of the bonds and used only as provided by this chapter.(d)  Money in the funds shall be invested in authorized investments as provided by any bond resolutions and orders of the authority.(e)  Legal title to money in any fund is in the authority unless or until paid from the fund as provided by this chapter or the resolutions or orders authorizing the authority's bonds.(f)  The comptroller, as custodian of any of the funds, shall administer the funds solely and strictly as provided by this chapter and the resolutions or orders authorizing the bonds, and the state may not take any other action relating to any of those funds except those specified in this chapter and the resolutions and orders authorizing the bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 20.08, eff. Sept. 1, 1997.|
TX Water Code § 20.109 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.109. Resolutions, Orders, Etc

Sec. 20.109.  RESOLUTIONS, ORDERS, ETC.  (a)  The resolutions or orders authorizing the bonds may prohibit the further issuance of bonds or other obligations payable from the pledged revenue or may reserve the right to issue additional bonds to be secured by a pledge of and payable from the revenue on a parity with or subordinate to the lien and pledge in support of the bonds being issued.(b)  The orders or resolutions of the board issuing bonds may include other provisions and covenants that the board determines necessary.(c)  In a resolution or order authorizing the issuance of the authority's bonds, the board may prescribe systems, methods, routines, and procedures under which the authority will function.(d)  The board may adopt and have executed any other proceedings or instruments necessary and convenient in the issuance of bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.110 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.110. Approval of Attorney General

Sec. 20.110.  APPROVAL OF ATTORNEY GENERAL.  The bonds issued under this chapter are subject to review and approval by the attorney general in the same manner and with the same effect as provided by Chapter 1371, Government Code.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.418, eff. Sept. 1, 2001.|
TX Water Code § 20.111 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.111. Bond Review Board

Sec. 20.111.  BOND REVIEW BOARD.  (a)  Bonds may not be issued under this section unless the issuance has been reviewed and approved by the bond review board.  The bond review board is composed of:(1)  the governor;(2)  the lieutenant governor;(3)  the speaker of the house of representatives;  and(4)  the comptroller of public accounts.(b)  The governor is chairman of the review board.  The bond review board may adopt rules governing application for review, the review process, and reporting requirements.  A member of the bond review board may not be held liable for damages resulting from the performance of the members' functions under this section.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 20.09, eff. Sept. 1, 1997.|
TX Water Code § 20.112 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.112. Refunding Bonds

Sec. 20.112.  REFUNDING BONDS.  (a)  The board may issue refunding bonds to refund all or part of its outstanding bonds issued under this chapter, including matured but unpaid interest.(b)  The board may refund bonds in the manner provided by general law for revenue bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.113 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.113. Eligible Security

Sec. 20.113.  ELIGIBLE SECURITY.  The bonds are eligible to secure deposits of public funds of the state and cities, counties, school districts, and other political subdivisions of the state.  The bonds are lawful and sufficient security for deposits to the extent of their face value.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.114 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.114. Legal Investments

Sec. 20.114.  LEGAL INVESTMENTS.  The bonds are legal and authorized investments for:(1)  banks;(2)  savings banks;(3)  trust companies;(4)  savings and loan associations;(5)  insurance companies;(6)  fiduciaries;(7)  trustees;(8)  guardians;  and(9)  sinking funds of cities, counties, school districts, and other political subdivisions of the state and other public funds of the state and its agencies, including the permanent school fund.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.115 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.115. Tax Exempt

Sec. 20.115.  TAX EXEMPT.  Since the authority is performing an essential governmental function in the exercise of the powers conferred on it by this chapter, the bonds issued under this Act, and the interest and income from the bonds, including any profit made on the sale of bonds, and all fees, charges, gifts, grants, revenues, receipts, and other money received or pledged to pay or secure the payment of bonds are free from taxation and assessments of every kind by this state and any city, county, district, authority, or other political subdivision of this state.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|
TX Water Code § 20.116 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle C - Water Development|Chapter 20 - Texas Water Resources Finance Authority|Subchapter E. Bond Procedures|Section 20.116. Pledge of State Faith and Credit; Covenant With Owners of Bonds

Sec. 20.116.  PLEDGE OF STATE FAITH AND CREDIT;  COVENANT WITH OWNERS OF BONDS.  (a)  The authority's bonds are obligations solely of the authority and are payable solely from funds of the authority, and this chapter and the authority's bonds are not and do not create or constitute a pledge, giving, or lending of the faith or credit or taxing authority of the state.(b)  Each bond of the authority must include a statement that the state is not obligated to pay the premium, principal of, or interest on the authority's bonds and that the faith or credit and the taxing authority of the state is not pledged, given, or loaned to those payments.(c)  The state pledges to and agrees with the owners of any bonds issued in accordance with this chapter that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the owners of the bonds or in any way impair the rights and remedies of those owners until the bonds, together with any premium and interest, interest on any unpaid premium or installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of those owners, are fully met and discharged.  The authority may include this pledge and agreement of the state in any agreement with the owners of bonds.|Added by Acts 1987, 70th Leg., ch. 728, Sec. 1, eff. June 20, 1987.|