Texas Statutes
§ 15.473 — MANAGEMENT AND INVESTMENT OF FUND.
Texas § 15.473
JurisdictionTexas
Code WAWater Code
This text of Texas § 15.473 (MANAGEMENT AND INVESTMENT OF FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Water Code Code Ann. § 15.473 (2026).
Text
Sec. 15.473. MANAGEMENT AND INVESTMENT OF FUND.
(a)Money deposited to the credit of the fund shall be invested as determined by the board. The fund may be invested with the state treasury pool.
(b)The fund and any accounts established in the fund shall be kept and maintained by or at the direction of the board.
(c)At the direction of the board, the fund and any accounts established in the fund may be managed by the comptroller or a corporate trustee that is a trust company or a bank that has the powers of a trust company for and on behalf of the board and pending their use for the purposes provided by this subchapter may be invested as provided by an order, resolution, or rule of the board.
(d)The comptroller or corporate trustee shall manage the fund in strict accordance with this sub
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Legislative History
Added by Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4 ), Sec. 2.02, eff. November 5, 2013.
Nearby Sections
15
§ 15.001
DEFINITIONS.§ 15.002
PURPOSE.§ 15.003
POWER TO DEFINE PURPOSES.§ 15.004
TRANSBASIN DIVERSION.§ 15.008
GRANT STANDARDS.§ 15.011
WATER ASSISTANCE FUND.§ 15.012
MANAGEMENT OF FUND.§ 15.101
WATER LOAN ASSISTANCE FUND.§ 15.102
FINANCIAL ASSISTANCE.§ 15.103
APPLICATION FOR ASSISTANCE.§ 15.104
FINDINGS REGARDING PERMITS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 15.473, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/15.473.