Texas § WA.15.434 - USE OF FUND
Full text of Texas The Texas Constitution § WA.15.434 — USE OF FUND, with citation guidance and answers to common questions.
§ WA.15.434. USE OF FUND
USE OF FUND; PAYMENTS TO AND FROM OTHER FUNDS OR ACCOUNTS. (a) At the direction of the board, the trust company shall make disbursements from the fund to another fund or account pursuant to a bond enhancement agreement authorized by Section 15.435 in the amounts the board determines are needed for debt service payments on or security provisions of the board's general obligation bonds or revenue bonds, after considering all other sources available for those purposes in the respective fund or account. (b) Of the money disbursed from the fund during the five-year period between the adoption of a state water plan and the adoption of a new plan, the board shall undertake to apply not less than: (1) 10 percent to support projects described by Section 15.435 that are for: (A) rural political subdivisions; or (B) agricultural water conservation; and (2) 20 percent to support projects described by Section 15.435 , including agricultural irrigation projects, that are designed for water conservation or reuse. Added by Acts 2013, 83rd Leg., R.S., Ch. 207 (H.B. 4 ), Sec. 2.02, eff. November 5, 2013. Amended by: Acts 2023, 88th Leg., R.S., Ch. 1064 (S.B. 469 ), Sec. 2, eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.15.434
What does The Texas Constitution § WA.15.434 cover?
Section WA.15.434 ("USE OF FUND") 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 § WA.15.434?
A common citation format is "The Texas Constitution § WA.15.434" (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 § WA.15.434 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.