Texas Statutes
§ 15.6042 — CROSS-COLLATERALIZATION OF FUNDS.
Texas § 15.6042
JurisdictionTexas
Code WAWater Code
This text of Texas § 15.6042 (CROSS-COLLATERALIZATION OF FUNDS.) 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. § 15.6042 (2026).
Text
Sec. 15.6042. CROSS-COLLATERALIZATION OF FUNDS.
(a)In this section, "state revolving fund bonds" means revenue bonds issued by the board to provide funds for the revolving fund, the safe drinking water revolving fund, or an additional state revolving fund.
(b)Notwithstanding any other law to the contrary, the board by resolution may approve the use of assets of the revolving fund, the safe drinking water revolving fund, or an additional state revolving fund as a source of revenue or security, or both revenue and security, for the payment of the principal of and interest on state revolving fund bonds.
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Legislative History
Added by Acts 2015, 84th Leg., R.S., Ch. 95 (H.B. 1224 ), Sec. 1, eff. May 23, 2015.
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 § 15.6042, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/15.6042.