31 Tex. Admin. Code § 363.923

Current through Reg. 49, No. 49; December 6, 2024

Section 363.923 - Approval of Application

The board by resolution may approve an application for a loan if the board finds that:

(1) the public interest requires state participation in the project;

(2) the revenue or taxes pledged will be sufficient to meet all the obligations assumed by the rural community during the loan period; and

(3) the project meets needs in a manner consistent with the State Water Plan.

31 Tex. Admin. Code § 363.923

The provisions of this §363.923 adopted to be effective November 7, 2001, 26 TexReg 8848