Texas § WA.15.903 - FINANCIAL ASSISTANCE
Full text of Texas The Texas Constitution § WA.15.903 — FINANCIAL ASSISTANCE, with citation guidance and answers to common questions.
§ WA.15.903. FINANCIAL ASSISTANCE
FINANCIAL ASSISTANCE. (a) The fund may be used by the board to provide grants or loans of financial assistance to political subdivisions or water supply corporations for the construction, acquisition, or improvement of water and wastewater projects to provide service to disadvantaged rural communities. (b) The board may make financial assistance available to a political subdivision or water supply corporation by entering into a grant agreement or a loan agreement and promissory note with the subdivision or corporation, as provided by this subchapter. A political subdivision or water supply corporation may apply for and accept the financial assistance. (c) The loan agreement must provide for the payment of principal and interest on the debt incurred for the project at a rate to be determined by the board. (d) The loan agreement must provide for the issuance of a promissory note payable to the board to evidence the obligation of the political subdivision or water supply corporation to repay the loan made in accordance with the terms of the loan agreement. (e) Repealed by Acts 2005, 79th Leg., Ch. 1151, Sec. 17(2), eff. June 18, 2005. Added by Acts 2001, 77th Leg., ch. 1234, Sec. 22, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 608, Sec. 2, eff. June 20, 2003. Amended by: Acts 2005, 79th Leg., Ch. 1151 (H.B. 3029 ), Sec. 5, eff. June 18, 2005. Acts 2005, 79th Leg., Ch. 1151 (H.B. 3029 ), Sec. 17(2), eff. June 18, 2005.
Frequently Asked Questions About Texas § WA.15.903
What does The Texas Constitution § WA.15.903 cover?
Section WA.15.903 ("FINANCIAL ASSISTANCE") 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.15.903?
A common citation format is "The Texas Constitution § WA.15.903" (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.15.903 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.