Tex. Water Code § 15.913
This is the official text of Tex. Water Code § 15.913, part of Texas’s Water Code — governs water rights and water resource management.
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§ 15.913. APPROVAL OF APPLICATION.
Official statutory text
The board by resolution may approve an application for a loan or grant if, after considering the factors listed in Section 15.912 and any other relevant factors, the board finds that:
(1) the public interest requires state participation in the project; and
(2) the revenue or taxes pledged by the political subdivision or water supply corporation will be sufficient to meet all the obligations assumed by the subdivision or corporation during the period of any loan provided by the board.
(1) the public interest requires state participation in the project; and
(2) the revenue or taxes pledged by the political subdivision or water supply corporation will be sufficient to meet all the obligations assumed by the subdivision or corporation during the period of any loan provided by the board.
Status: in_force · Read it on the official government site
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