Tex. Water Code § 20.021
This is the official text of Tex. Water Code § 20.021, part of Texas’s Water Code — governs water rights and water resource management.
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§ 20.021. AUTHORITY EXPENSES.
Official statutory text
(a) Expenses incurred by the authority under this Act shall be paid solely from revenues or funds provided or to be provided under this chapter.
(b) This chapter may not be construed to authorize the authority to incur any indebtedness or liability on behalf of or payable by the state.
(c) The authority may not accept and is not entitled to receive any money appropriated by the state.
(d) The board shall use all available sources of revenue and income to pay expenses of operation and maintenance of the authority, to pay the premium, principal of and interest on bonds, and to create and maintain any reserves or funds provided by resolutions authorizing the issuance of bonds.
(b) This chapter may not be construed to authorize the authority to incur any indebtedness or liability on behalf of or payable by the state.
(c) The authority may not accept and is not entitled to receive any money appropriated by the state.
(d) The board shall use all available sources of revenue and income to pay expenses of operation and maintenance of the authority, to pay the premium, principal of and interest on bonds, and to create and maintain any reserves or funds provided by resolutions authorizing the issuance of bonds.
Status: in_force · Read it on the official government site
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