Tex. Water Code § 51.320
This is the official text of Tex. Water Code § 51.320, part of Texas’s Water Code — governs water rights and water resource management.
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§ 51.320. LOANS FOR MAINTENANCE AND OPERATING EXPENSES.
Official statutory text
The board may borrow money to pay maintenance and operating expenses at an interest rate of not more than 10 percent a year and may pledge as security any of its notes or contracts with water users or accounts against them.
Status: in_force · Read it on the official government site
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