Texas § WA.17.963 - PAYMENT OF BOARD OBLIGATIONS
Full text of Texas The Texas Constitution § WA.17.963 — PAYMENT OF BOARD OBLIGATIONS, with citation guidance and answers to common questions.
§ WA.17.963. PAYMENT OF BOARD OBLIGATIONS
PAYMENT OF BOARD OBLIGATIONS. (a) The board shall cooperate with the comptroller to develop procedures for the payment of principal and interest on water financial assistance bonds and any obligation under a bond enhancement agreement, as the same become due and owing. (b) If there is not enough money in any account of the fund available to pay the principal and interest on water financial assistance bonds issued for such account, including money to make payments by the board under a bond enhancement agreement with respect to principal or interest on such water financial assistance bonds, the board shall notify the comptroller of such occurrence, and the comptroller shall transfer out of the first money coming into the state treasury not otherwise appropriated by the constitution the amount required to pay the obligations of the board that are due and owing. The comptroller shall make the transfers required by Section 49-d-8 , Article III, Texas Constitution, and this subchapter in the manner specified in the resolution. Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § WA.17.963
What does The Texas Constitution § WA.17.963 cover?
Section WA.17.963 ("PAYMENT OF BOARD OBLIGATIONS") 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.17.963?
A common citation format is "The Texas Constitution § WA.17.963" (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.17.963 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.