Texas Constitution Art. 3 sec. 49-d-10 – Additional Bonds for Financial Assistance to Economically Distressed Areas
Current as of: 2023 |
(a) The Texas Water Development Board may issue additional general obligation bonds, at its determination, for the economically distressed areas program account of the Texas Water Development Fund II, in an amount not to exceed $250 million. The bonds shall be used to provide financial assistance to economically distressed areas of the state as defined by law.
(b) Section 49-d-8(e) of this article applies to the bonds authorized by this section.
Terms Used In Texas Constitution Art. 3 sec. 49-d-10
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.