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| <<Prev Rule | Texas Administrative Code |
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| TITLE 31 | NATURAL RESOURCES AND CONSERVATION |
| PART 10 | TEXAS WATER DEVELOPMENT BOARD |
| CHAPTER 363 | FINANCIAL ASSISTANCE PROGRAMS |
| SUBCHAPTER I | PILOT PROGRAM FOR WATER AND WASTEWATER LOANS TO RURAL COMMUNITIES |
| DIVISION 1 | INTRODUCTORY PROVISIONS |
| RULE §363.905 | Loan Agreement and Promissory Note |
The board may make financial assistance available to a rural community by entering into a loan agreement and promissory note. The loan agreement will provide for the payment of principal and interest on the debt and other terms and conditions of the loan. The rural community must execute a promissory note, payable to the board, to evidence the obligation to repay the loan. |
| Source Note: The provisions of this §363.905 adopted to be effective November 7, 2001, 26 TexReg 8848 |
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