The board by resolution may provide for the issuance of water financial assistance bonds, which shall be general obligation bonds of the state, in an aggregate principal amount not to exceed the principal amount authorized to be issued by the Texas Constitution.
Tex. Water Code § 17.952
ISSUANCE OF WATER FINANCIAL ASSISTANCE BONDS
Added by Acts 1997, 75th Leg., ch. 1010, Sec. 5.03
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.