Tex. Water Code § 15.203
This is the official text of Tex. Water Code § 15.203, part of Texas’s Water Code — governs water rights and water resource management.
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§ 15.203. ELIGIBLE BONDS.
Official statutory text
(a) Only revenue, general obligation, tax, or combination bonds issued by a political subdivision or a water supply corporation for a project qualifying for assistance under this subchapter and board rules are eligible to be insured under the program.
(b) Bonds issued for a term longer than 50 years are not eligible to be insured under the program.
(b) Bonds issued for a term longer than 50 years are not eligible to be insured under the program.
Status: in_force · Read it on the official government site
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