Tex. Water Code § 15.615
This is the official text of Tex. Water Code § 15.615, part of Texas’s Water Code — governs water rights and water resource management.
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§ 15.615. DEPOSIT AGREEMENT.
Official statutory text
If the board approves an application of an eligible lending institution, the board and the eligible lending institution shall enter into a written deposit agreement. The agreement shall contain the conditions on which the linked deposit is made. On execution of the agreement, the board shall place a linked deposit from the revolving fund with the eligible lending institution in accordance with the agreement. A delay in payment or a default on a loan by an applicant does not affect the validity of the deposit agreement.
Status: in_force · Read it on the official government site
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