(a) The colonia self-help account is an account in the water assistance fund that may be used by the board only for the purposes of this subchapter.
(b) The account consists of:
(1) money transferred by the legislature directly to the account;
(2) money transferred at the board's discretion from the fund; and
(3) gifts, grants, or donations to the account.
(c) Sections 403.095 and 404.071, Government Code, do not apply to the account.