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Tex. Water Code § 15.618

LIMITATIONS ON PROGRAM

Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(d), eff

(a) The maximum amount of a loan under the linked deposit program is $250,000.

(b) The board may withdraw linked deposits from an eligible lending institution if the institution ceases to be either a state depository or a Farm Credit System institution headquartered in this state.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.