Texas § 17.0791 TRANSFERS TO ECONOMICALLY DISTRESSED AREAS INTEREST AND SINKING FUND.

Texas Statutes

§ 17.0791 — TRANSFERS TO ECONOMICALLY DISTRESSED AREAS INTEREST AND SINKING FUND.

Texas § 17.0791

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This text of Texas § 17.0791 (TRANSFERS TO ECONOMICALLY DISTRESSED AREAS INTEREST AND SINKING 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. § 17.0791 (2026).

Text

Sec. 17.0791. TRANSFERS TO ECONOMICALLY DISTRESSED AREAS INTEREST AND SINKING FUND.

(a)The board shall determine:

(1)the amount of interest coming due on all bonds outstanding dedicated pursuant to Section 17.0111 of this code;

(2)the amount of principal of those bonds maturing and becoming payable during the fiscal year; and

(3)the average annual principal and interest requirements on all outstanding bonds.

(b)The comptroller shall transfer to the economically distressed areas interest and sinking fund, after taking into account any money and securities on deposit in the economically distressed areas interest and sinking fund, an amount necessary to pay:

(1)all principal and interest maturing on the bonds dedicated pursuant to Section 17.0111 of this code during the fiscal year;

(2)

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Sec. 17.0791. TRANSFERS TO ECONOMICALLY DISTRESSED AREAS INTEREST AND SINKING FUND. (a) The board shall determine:
(1) the amount of interest coming due on all bonds outstanding dedicated pursuant to Section 17.0111 of this code;
(2) the amount of principal of those bonds maturing and becoming payable during the fiscal year; and
(3) the average annual principal and interest requirements on all outstanding bonds.
(b) The comptroller shall transfer to the economically distressed areas interest and sinking fund, after taking into account any money and securities on deposit in the economically distressed areas interest and sinking fund, an amount necessary to pay:
(1) all principal and interest maturing on the bonds dedicated pursuant to Section 17.0111 of this code during the fiscal year;
(2) all collection charges and exchanges on those bonds; and
(3) the money sufficient to establish and maintain an additional reserve equal to the average annual principal and interest requirements on all outstanding bonds.