Relating to the authority of the Texas Water Development Board to provide financial assistance from the economically distressed areas account that is not required to be repaid.
relating to the authority of the Texas Water Development Board to
provide financial assistance from the economically distressed
areas account that is not required to be repaid.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 17.933(c), Water Code, is amended to
read as follows:
(c) The total amount of financial assistance provided by the
board to political subdivisions under this subchapter from
state-issued bonds for which repayment is not required may not
exceed at any time 90 [70] percent of the total principal amount of
issued and unissued bonds authorized under Article III of the Texas
Constitution, for purposes of this subchapter plus outstanding
interest on those bonds.
SECTION 2. This Act takes effect September 1, 2025.
