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TITLE 31NATURAL RESOURCES AND CONSERVATION
PART 10TEXAS WATER DEVELOPMENT BOARD
CHAPTER 363FINANCIAL ASSISTANCE PROGRAMS
SUBCHAPTER GSMALL COMMUNITY EMERGENCY LOAN PROGRAM
DIVISION 2APPLICATION PROCEDURES
RULE §363.714Findings Required

The board, by resolution, may approve an application for an emergency loan if the board finds:

  (1) that an emergency exists;

  (2) that the political subdivision cannot finance the project without state assistance;

  (3) that in its opinion the revenue or taxes pledged by the political subdivision will be sufficient to meet all the obligations assumed by the political subdivision; and

  (4) that the public interest requires state participation in the project.

Source Note: The provisions of this §363.714 adopted to be effective August 8, 1996, 21 TexReg 7265.

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