Texas Water Code 15.109 – Delivery of Loans of Financial Assistance
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(a) As money becomes available in the loan fund, the board shall deliver the funds under the approved applications.
(b) The board shall deliver money in the fund that is provided by legislative appropriation in the manner provided by and subject to the restrictions of the legislative appropriation.
Terms Used In Texas Water Code 15.109
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization