Tex. Water Code § 20.072
This is the official text of Tex. Water Code § 20.072, part of Texas’s Water Code — governs water rights and water resource management.
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§ 20.072. ACQUISITION OF CERTAIN DEVELOPMENT BOARD BONDS.
Official statutory text
If the board agrees to purchase political subdivision bonds from the development board that have not been purchased by the development board at the time of the agreement, the board may pay the purchase price for those bonds in exchange for the agreement of the development board to transfer those bonds to the board at the time the development board acquires them.
Status: in_force · Read it on the official government site
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