Texas § 17.899 ELIGIBLE FUND USES.

Texas Statutes

§ 17.899 — ELIGIBLE FUND USES.

Texas § 17.899

Code WAWater Code

This text of Texas § 17.899 (ELIGIBLE FUND USES.) 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. § 17.899 (2026).

Text

Sec. 17.899. ELIGIBLE FUND USES.

(a)Money in the fund, excluding money in the interest and sinking fund, may be used by the board to:

(1)provide a grant to a state agency to fund a conservation program or conservation project, including a conservation program that provides funding to a political subdivision or person for a conservation project;

(2)provide a grant or loan to a political subdivision for a conservation program or conservation project;

(3)provide a linked deposit to an eligible financial institution for a loan to a person for a conservation project;

(4)pay for a board conservation program;

(5)make a transfer to the interest and sinking fund;

(6)pay the costs of a bond issuance; and

(7)pay for a board expense in administering the agricultural water conservation program

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Sec. 17.899. ELIGIBLE FUND USES. (a) Money in the fund, excluding money in the interest and sinking fund, may be used by the board to:
(1) provide a grant to a state agency to fund a conservation program or conservation project, including a conservation program that provides funding to a political subdivision or person for a conservation project;
(2) provide a grant or loan to a political subdivision for a conservation program or conservation project;
(3) provide a linked deposit to an eligible financial institution for a loan to a person for a conservation project;
(4) pay for a board conservation program;
(5) make a transfer to the interest and sinking fund;
(6) pay the costs of a bond issuance; and
(7) pay for a board expense in administering the agricultural water conservation program under this subchapter.
(b) Money in the interest and sinking fund may be used for the payment of bonds or, to the extent there are funds in excess of bond payment requirements, for transfers to the fund, or any other account in the funds.
(c) The board shall transfer back to the state water implementation fund for Texas any money disbursed to the fund as described by Section 17.895 (6) if the requirements of Section 15.435 are satisfied.

Legislative History

Added by Acts 1989, 71st Leg., ch. 1103, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1993, 73rd Leg., ch. 477, Sec. 15, eff. Aug. 30, 1993; Acts 2003, 78th Leg., ch. 200, Sec. 19(o), eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 352, Sec. 15, eff. Sept. 1, 2003. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4 ), Sec. 2.15, eff. November 5, 2013.