Texas Statutes
§ 15.996 — LOANS TO NONPROFIT WATER SUPPLY OR SEWER SERVICE CORPORATIONS.
Texas § 15.996
JurisdictionTexas
Code WAWater Code
This text of Texas § 15.996 (LOANS TO NONPROFIT WATER SUPPLY OR SEWER SERVICE CORPORATIONS.) 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. § 15.996 (2026).
Text
Sec. 15.996. LOANS TO NONPROFIT WATER SUPPLY OR SEWER SERVICE CORPORATIONS.
(a)In addition to any other method of providing financial assistance authorized by this subchapter, the board may make financial assistance available to an applicant that is a nonprofit water supply or sewer service corporation by entering into a loan agreement with the applicant.
(b)To be eligible to receive financial assistance under this section, the applicant must:
(1)execute a promissory note for the full amount of the loan; and
(2)provide to the board an attorney's opinion stating that the applicant has the authority to incur the debt.
(c)An applicant for financial assistance under this section is not required to appoint or employ:
(1)a bond counsel; or
(2)a financial advisor.
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Legislative History
Added by Acts 2011, 82nd Leg., R.S., Ch. 64 (S.B. 360 ), Sec. 5, eff. September 1, 2011.
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 § 15.996, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/WA/15.996.