Tex. Water Code § 15.302
This is the official text of Tex. Water Code § 15.302, part of Texas’s Water Code — governs water rights and water resource management.
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§ 15.302. AUTHORIZED PROJECTS.
Official statutory text
(a) The board may use the storage acquisition fund for projects including the design, acquisition, lease, construction, reconstruction, development, or enlargement in whole or part of any existing or proposed water storage project.
(b) In addition, the board may, at its discretion and in accordance with its rules, contract with a political subdivision, under terms and conditions established by the board, to pay the principal of or interest on or both the principal of and interest on bonds or other obligations issued or to be issued by a political subdivision.
(b) In addition, the board may, at its discretion and in accordance with its rules, contract with a political subdivision, under terms and conditions established by the board, to pay the principal of or interest on or both the principal of and interest on bonds or other obligations issued or to be issued by a political subdivision.
Status: in_force · Read it on the official government site
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