Tex. Water Code § 15.505
This is the official text of Tex. Water Code § 15.505, part of Texas’s Water Code — governs water rights and water resource management.
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§ 15.505. TRANSFER OF MONEY.
Official statutory text
(a) Notwithstanding any other law:
(1) the board may transfer money from the fund into any other fund or account described by Section 15.502(b); and
(2) a fund or account described by Section 15.502(b) may accept a transfer of money made under this subchapter.
(b) The board may not restore to the fund money transferred from the fund and deposited to the credit of a fund or account described by Section 15.502(b).
(c) Of the amount of money deposited to the credit of the Texas water fund under Section 7-e, Article VIII, Texas Constitution, before September 1, 2047, the administrator of the fund shall allocate not less than 50 percent to be used only for transfer to either or both of the following funds:
(1) the new water supply for Texas fund established under Subchapter C-1; or
(2) the state water implementation fund for Texas established under Subchapter G.
(d) This subsection and Subsection (c) expire August 31, 2047.
(1) the board may transfer money from the fund into any other fund or account described by Section 15.502(b); and
(2) a fund or account described by Section 15.502(b) may accept a transfer of money made under this subchapter.
(b) The board may not restore to the fund money transferred from the fund and deposited to the credit of a fund or account described by Section 15.502(b).
(c) Of the amount of money deposited to the credit of the Texas water fund under Section 7-e, Article VIII, Texas Constitution, before September 1, 2047, the administrator of the fund shall allocate not less than 50 percent to be used only for transfer to either or both of the following funds:
(1) the new water supply for Texas fund established under Subchapter C-1; or
(2) the state water implementation fund for Texas established under Subchapter G.
(d) This subsection and Subsection (c) expire August 31, 2047.
Status: in_force · Read it on the official government site
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