reglab/housing_qa huggingface dataset:
TX Water Code § 36.153 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.153. Annual Audit

Sec. 36.153.  ANNUAL AUDIT.  (a)  Annually and subject to Subsection (c), the board shall have an audit made of the financial condition of the district. The district audit shall be performed according to the generally accepted government auditing standards adopted by the American Institute of Certified Public Accountants.(b)  Financial statements shall be prepared in accordance with generally accepted accounting principles as adopted by the American Institute of Certified Public Accountants. The annual audit and other district records must be open to inspection during regular business hours at the principal office of the district.(c)  The district is exempt from the requirement under Subsection (a) if it had:(1)  not more than $500 in receipts from operations, tax assessments, loans, contributions, or any other sources during the calendar year;(2)  not more than $500 in disbursements of funds during the calendar year;(3)  no bonds or other liabilities with terms of more than one year outstanding during the calendar year;  and(4)  no cash or investments amounting to more than $5,000 at any time during the calendar year.(d)  A financially dormant district may elect not to conduct an audit and instead submit to the executive director a financial dormancy affidavit.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.  Amended by Acts 2003, 78th Leg., ch. 785, Sec. 52, eff. Sept. 1, 2003.Amended by: Acts 2015, 84th Leg., R.S., Ch. 415 (H.B. 2767), Sec. 9, eff. June 10, 2015.|
TX Water Code § 36.154 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.154. Annual Budget

Sec. 36.154.  ANNUAL BUDGET.  (a)  The board shall prepare and approve an annual budget.(b)  The budget shall contain a complete financial statement, including a statement of:(1)  the outstanding obligations of the district;(2)  the amount of cash on hand to the credit of each fund of the district;(3)  the amount of money received by the district from all sources during the previous year;(4)  the amount of money available to the district from all sources during the ensuing year;(5)  the amount of the balances expected at the end of the year in which the budget is being prepared;(6)  the estimated amount of revenues and balances available to cover the proposal budget;  and(7)  the estimated tax rate or fee revenues that will be required.(c)  The annual budget may be amended on the board's approval.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.155 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.155. Depository

Sec. 36.155.  DEPOSITORY.  (a)  The board shall name one or more banks to serve as depository for the district funds.(b)  District funds, other than those transmitted to a bank for payment of bonds issued by the district, shall be deposited as received with the depository bank and shall remain on deposit.  This subsection does not limit the power of the board to place a portion of the district's funds on time deposit or to purchase certificates of deposit.(c)  To the extent that funds in the depository are not insured by the Federal Deposit Insurance Corporation, they shall be secured in the manner provided by law for the security of funds by the Public Funds Collateral Act, Chapter 2257, Government Code.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.156 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.156. Investments

Sec. 36.156.  INVESTMENTS.  (a)  Funds of the district may be invested and reinvested in accordance with the provisions of the Public Funds Investment Act, Chapter 2256, Government Code.(b)  The board, by resolution, may provide that an authorized representative of the district may invest and reinvest the funds of the district and provide for money to be withdrawn from the appropriate accounts of the district for investments on such terms as the board considers advisable.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.1561 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.1561. Investment Officer

Sec. 36.1561.  INVESTMENT OFFICER.  (a)  Notwithstanding Section 2256.005(f), Government Code, the board may contract with a person to act as investment officer of the district.(b)  The investment officer of a district shall:(1)  not later than the first anniversary of the date the officer takes office or assumes the officer's duties, attend a training session of at least six hours of instruction relating to investment responsibilities under Chapter 2256, Government Code;  and(2)  attend at least four hours of additional investment training within each two-year period after the first year.(c)  Training under this section must be from an independent source approved by:(1)  the board;  or(2)  a designated investment committee advising the investment officer.(d)  Training under this section must include education in investment controls, security risks, strategy risks, market risks, diversification of investment portfolio, and compliance with Chapter 2256, Government Code.(e)  During January of each year, each individual, association, business, organization, governmental entity, or other person that provides training under this section shall report to the comptroller a list of the districts for which the person provided required training under this section during the previous calendar year.  An individual's reporting requirements under this subsection are satisfied by a report of the individual's employer or the sponsoring or organizing entity of a training program or seminar.|Added by Acts 2001, 77th Leg., ch. 69, Sec. 1, eff. May 14, 2001.|
TX Water Code § 36.157 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.157. Repayment of Organizational Expenses

Sec. 36.157.  REPAYMENT OF ORGANIZATIONAL EXPENSES.  (a)  A district, or the county or counties where the district is to be located, may pay all costs and expenses necessarily incurred in the creation and organization of a district, including legal fees and other incidental expenses, and may reimburse any person, including a county, for money advanced for these purposes.(b)  Payments may be made from money obtained from the sale of bonds first issued by the district or out of maintenance taxes or other revenues of the district.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.Amended by: Acts 2015, 84th Leg., R.S., Ch. 415 (H.B. 2767), Sec. 10, eff. June 10, 2015.|
TX Water Code § 36.158 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.158. Grants

Sec. 36.158.  GRANTS.  A district may make or accept grants, gratuities, advances, or loans in any form to or from any source approved by the board, including any governmental entity, and may enter into contracts, agreements, and covenants in connection with grants, gratuities, advances, or loans that the board considers appropriate.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.159 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.159. Groundwater Conservation District Management Plan Funds

Sec. 36.159.  GROUNDWATER CONSERVATION DISTRICT MANAGEMENT PLAN FUNDS.  The Texas Water Development Board may allocate funds from the water assistance fund to a district to:(1)  conduct initial data collections under this chapter;(2)  develop and implement a long-term management plan under Section 36.1071; and(3)  participate in regional water plans.|Added by Acts 1997, 75th Leg., ch. 1010, Sec. 4.34, eff. Sept. 1, 1997.Amended by: Acts 2015, 84th Leg., R.S., Ch. 415 (H.B. 2767), Sec. 11, eff. June 10, 2015.|
TX Water Code § 36.160 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.160. Funds

Sec. 36.160.  FUNDS.  The Texas Water Development Board, the commission, the Parks and Wildlife Department, the Texas Agricultural Extension Service, and institutions of higher education may allocate funds to carry out the objectives of this chapter and Chapter 35, which include but are not limited to:(1)  conducting initial and subsequent studies and surveys under Sections 36.106, 36.107, and 36.109;(2)  providing appropriate education in affected areas identified in Section 35.007 relating to the problems and issues concerning water management that may arise;(3)  processing priority groundwater management area evaluations under this chapter and Chapter 35;(4)  providing technical and administrative assistance to newly created districts under this chapter and Chapter 35;(5)  covering the costs of newspaper notices required under Sections 35.009 and 36.014 and failed elections in accordance with Sections 35.014(c), 36.017(h), and 36.019;  and(6)  providing for assistance from the Parks and Wildlife Department to the Texas Water Development Board or a district for the purpose of assessing fish and wildlife resource habitat needs as they may apply to overall management plan goals and objectives of the district.|Added by Acts 1997, 75th Leg., ch. 1010, Sec. 4.34, eff. Sept. 1, 1997.|
TX Water Code § 36.161 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter E. District Finances|Section 36.161. Eligibility for Funding

Sec. 36.161.  ELIGIBILITY FOR FUNDING.  (a)  The Texas Water Development Board may provide funds under Sections 36.159 and 36.160, Chapters 15, 16, and 17, and Subchapter L of this chapter to a district if the Texas Water Development Board determines that such funding will allow the district to comply or continue to comply with provisions of this chapter.(b)  The Texas Water Development Board may, after notice and hearing, discontinue funding described in Subsection (a) if the Texas Water Development Board finds that the district is not using the funds to comply with the provisions of this chapter.(c)  The Texas Water Development Board, when considering a discontinuance under Subsection (b), shall give written notice of the hearing to the district at least 20 days before the date set for the hearing.  The hearing shall be conducted in accordance with Chapter 2001, Government Code, or the rules of the respective agency.  General notice of the hearing shall be given in accordance with the rules of the agency.(d)  The Texas Water Development Board may delegate to the State Office of Administrative Hearings the responsibility to conduct a hearing under this section.|Added by Acts 1997, 75th Leg., ch. 1010, Sec. 4.34, eff. Sept. 1, 1997.|
TX Water Code § 36.171 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.171. Issuance of Bonds and Notes

Sec. 36.171.  ISSUANCE OF BONDS AND NOTES.  (a)  The board may issue and sell bonds and notes in the name of the district for any lawful purpose of the district.  A district may not issue bonds unless the commission determines that the project to be financed by the bonds is feasible and issues an order approving the issuance of the bonds.  This section does not apply to refunding bonds.(b)  A district may submit to the commission a written application for investigation of feasibility.  An engineer's report describing the project, including the data, profiles, maps, plans, and specifications prepared in connection with the report, must be submitted with the application.(c)  The executive director shall examine the application and the report and shall inspect the project area.  The district shall, on request, supply the executive director with additional data and information necessary for an investigation of the application, the engineer's report, and the project.(d)  The executive director shall prepare a written report on the project and include suggestions, if any, for changes or improvements in the project.  The executive director shall retain a copy of the report and send a copy of the report to both the commission and the district.(e)  The commission shall consider the application, the engineer's report, the executive director's report, and any other evidence allowed by commission rule to be considered in determining the feasibility of the project.(f)  The commission shall determine whether the project to be financed by the bonds is feasible and issue an order either approving or disapproving, as appropriate, the issuance of the bonds.  The commission shall retain a copy of the order and send a copy of the order to the district.(g)  Notwithstanding any provision of this code to the contrary, the commission may approve the issuance of bonds of a district without the submission of plans and specifications of the improvements to be financed with the bonds.  The commission may condition the approval on any terms or conditions considered appropriate by the commission.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.172 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.172. Manner of Repayment of Bonds and Notes

Sec. 36.172.  MANNER OF REPAYMENT OF BONDS AND NOTES.  The board may provide for the payment of principal of and interest on the bonds and notes in any one of the following manners:(1)  from the levy and collection of ad valorem taxes on taxable property within the district;(2)  from fees;(3)  by pledging all or any part of the designated revenues from the ownership or operation of the district's works, improvements, and facilities and from the sale, transportation, and distribution of water;  or(4)  from any combination of these sources.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.173 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.173. Additional Security for Bonds and Notes

Sec. 36.173.  ADDITIONAL SECURITY FOR BONDS AND NOTES.  (a)  The bonds and notes may be additionally secured by a deed of trust or mortgage lien on part or all of the physical properties of the district and rights appurtenant to those properties, vesting in the trustee power to sell the properties for payment of the indebtedness, power to operate the properties, and all other powers necessary for the further security of the bonds and notes.(b)  The trust indenture, regardless of the existence of the deed trust or mortgage lien on the properties, may contain provisions established by the board for the security of the bonds and notes and the preservation of the trust estate, may make provisions for amendment or modification, and may make provisions for investment of funds of the district.(c)  A purchaser under a sale under the deed trust or mortgage lien shall be absolute owner of the properties and rights purchased and may maintain and operate them.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.174 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.174. Form of Bonds or Notes

Sec. 36.174.  FORM OF BONDS OR NOTES.  (a)  A district may issue its bonds or notes in various series or issues.(b)  Bonds or notes may mature serially or otherwise not more than 50 years from their date and shall bear interest at any rate permitted by the constitution and laws of this state.(c)  A district's bonds, notes, and interest coupons, if any, are investment securities under the terms of Chapter 8, Business & Commerce Code, and may be issued registrable as to principal or as to both principal and interest and may be made redeemable before maturity, at the option of the district, or may contain a mandatory redemption provision.(d)  A district's bonds and notes may be issued in the form, denominations, and manner and under the terms, conditions, and details, and shall be signed and executed as provided by the board in the resolution or order authorizing their issuance.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.175 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.175. Provisions of Bonds and Notes

Sec. 36.175.  PROVISIONS OF BONDS AND NOTES.  (a)  In the orders or resolutions authorizing the issuance of bonds or notes, including refunding bonds, the board may provide for the flow of funds, the establishment and maintenance of the interest and sinking fund, the reserve fund, and other funds.  The board may make additional covenants with respect to bonds or notes, pledged revenues, and the operation and maintenance of those works, improvements, and facilities, of which the revenue is pledged.(b)  The orders or resolutions of the board authorizing the issuance of bonds or notes may also prohibit the further issuance of bonds, notes, or other obligations payable from the pledged revenue or may reserve the right to issue additional bonds or notes 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 or notes being issued.(c)  The orders or resolutions of the board issuing bonds or notes may contain other provisions and covenants as the board may determine.(d)  The board may adopt and have executed any other proceeding or instruments necessary and convenient in the issuance of bonds or notes.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.176 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.176. Refunding Bonds

Sec. 36.176.  REFUNDING BONDS.  (a)  A district may issue bonds to refund all or any part of its outstanding bonds or notes, including matured but unpaid interest coupons.(b)  Refunding bonds shall mature serially or otherwise not more than 50 years from their date and shall bear interest at any rate or rates permitted by the constitution and laws of the state.(c)  Refunding bonds may be payable from the same source as the bonds or notes being refunded or from other additional sources.(d)  The refunding bonds must be approved by the attorney general as in the case of other bonds or notes and shall be registered by the comptroller on the surrender and cancellation of the bonds or notes being refunded.(e)  The orders or resolutions authorizing the issuance of the refunding bonds may provide that they be sold and the proceeds deposited in the place or places at which the bonds or notes being refunded are payable, in which case the refunding bonds may be issued before the cancellation of the bonds or notes being refunded.  If refunding bonds are issued before cancellation of the other bonds or notes, an amount sufficient to pay the principal of and interest on the bonds or notes being refunded to their maturity dates, or to their option dates if the bonds or notes have been duly called for payment prior to maturity according to their terms, shall be deposited in the place or places at which the bonds or notes being refunded are payable.  The comptroller shall register the refunding bonds without the surrender and cancellation of bonds or notes being refunded.(f)  A refunding may be accomplished in one or in several installment deliveries.  Refunding bonds and their interest coupons are investment securities under Chapter 8, Business & Commerce Code.(g)  In lieu of the method set forth in Subsections (a)-(f), a district may refund bonds, notes, or other obligations as provided by the general laws of the state.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.177 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.177. Bonds and Notes as Investments

Sec. 36.177.  BONDS AND NOTES AS INVESTMENTS.  District bonds and notes 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 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.178 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.178. Bonds and Notes as Security for Deposits

Sec. 36.178.  BONDS AND NOTES AS SECURITY FOR DEPOSITS.  District bonds and notes 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 or notes are lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|
TX Water Code § 36.179 (2021)
2021 Texas Statutes|Water Code|Title 2 - Water Administration|Subtitle E - Groundwater Management|Chapter 36 - Groundwater Conservation Districts|Subchapter F. Bonds and Notes|Section 36.179. Tax Status of Bonds and Notes

Sec. 36.179.  TAX STATUS OF BONDS AND NOTES.  Since a district governed by this chapter is a public entity performing an essential public function, bonds and notes issued by the district, any transaction relating to the bonds and notes, and profits made in the sale of the bonds and notes, are free from taxation by the state or by any city, county, special district, or other political subdivision of the state.|Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995.|