Tex. Water Code § 17.9022
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The board may make a loan or grant available to a political subdivision in any manner the board considers economically feasible, including purchase of bonds or securities of the political subdivision or execution of a loan or grant agreement with the political subdivision. The board may not purchase bonds or securities that have not been approved by the attorney general and registered by the comptroller.
Tex. Water Code § 17.9022