Texas § 17.9021 APPLICATION FOR AND APPROVAL OF LOAN.

Texas Statutes

§ 17.9021 — APPLICATION FOR AND APPROVAL OF LOAN.

Texas § 17.9021

Code WAWater Code

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Bluebook

Tex. Water Code Code Ann. § 17.9021 (2026).

Text

Sec. 17.9021. APPLICATION FOR AND APPROVAL OF LOAN.

(a)In reviewing an application by a political subdivision for a loan, the board shall consider the ability of the political subdivision to repay the loan and whether the loan will further water conservation in this state.

(b)To approve a loan to a political subdivision, the board must determine that:

(1)the public interest is served by providing the loan;

(2)the political subdivision has the ability to repay the loan; and

(3)the loan will further water conservation in the state.

(c)The board by rule shall establish the rate of interest it charges for a loan to a political subdivision.

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Sec. 17.9021. APPLICATION FOR AND APPROVAL OF LOAN. (a) In reviewing an application by a political subdivision for a loan, the board shall consider the ability of the political subdivision to repay the loan and whether the loan will further water conservation in this state.
(b) To approve a loan to a political subdivision, the board must determine that:
(1) the public interest is served by providing the loan;
(2) the political subdivision has the ability to repay the loan; and
(3) the loan will further water conservation in the state.
(c) The board by rule shall establish the rate of interest it charges for a loan to a political subdivision.