Texas § WA.17.960 - BOND RESOLUTIONS
Full text of Texas The Texas Constitution § WA.17.960 — BOND RESOLUTIONS, with citation guidance and answers to common questions.
§ WA.17.960. BOND RESOLUTIONS
BOND RESOLUTIONS. (a) In the resolution, the board may make additional covenants with respect to water financial assistance bonds and may provide for: (1) the flow of funds; (2) the establishment of accounts and subaccounts within the fund that the board determines are necessary for the administration of the fund; (3) at the discretion of the board, the payment of fees and expenses of the board in connection with providing financial assistance to political subdivisions as the board determines are necessary for the administration of the fund; (4) the maintenance, investment, and management of money within the fund and any accounts established by resolution by the board; and (5) any other provisions and covenants that the board determines are necessary for the administration of the fund. (b) The board may invest and reinvest money in the fund and any account therein in any obligations or securities as provided by the resolution or by rule adopted by the board. (c) The board may adopt and have executed other proceedings, agreements, or trust agreements or instruments necessary in the issuance of water financial assistance bonds, including, without limitation, bond enhancement agreements. Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.
Frequently Asked Questions About Texas § WA.17.960
What does The Texas Constitution § WA.17.960 cover?
Section WA.17.960 ("BOND RESOLUTIONS") 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.17.960?
A common citation format is "The Texas Constitution § WA.17.960" (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.17.960 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.