Texas § HS.341.0355 - FINANCIAL ASSURANCE FOR CERTAIN SYSTEMS
Full text of Texas The Texas Constitution § HS.341.0355 — FINANCIAL ASSURANCE FOR CERTAIN SYSTEMS, with citation guidance and answers to common questions.
§ HS.341.0355. FINANCIAL ASSURANCE FOR CERTAIN SYSTEMS
FINANCIAL ASSURANCE FOR CERTAIN SYSTEMS. (a) The commission may require the owner or operator of a public drinking water supply system that was constructed without the approval required by Section 341.035 , that has a history of noncompliance with this subchapter or commission rules, or that is subject to a commission enforcement action to: (1) provide the executive director of the commission with a business plan that demonstrates that the system has available the financial, managerial, and technical resources adequate to ensure future operation of the system in accordance with applicable laws and rules; and (2) provide adequate financial assurance of the ability to operate the system in accordance with applicable laws and rules in the form of a bond or as specified by the commission. (b) If the commission relies on rate increases or customer surcharges as the form of financial assurance, such funds shall be deposited in an escrow account and released only with the approval of the commission. Added by Acts 1997, 75th Leg., ch. 1010, Sec. 6.20, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § HS.341.0355
What does The Texas Constitution § HS.341.0355 cover?
Section HS.341.0355 ("FINANCIAL ASSURANCE FOR CERTAIN SYSTEMS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § HS.341.0355?
A common citation format is "The Texas Constitution § HS.341.0355" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § HS.341.0355 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.