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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 §363.906 | Sales and Use Tax as Loan Security |
A rural community that is a municipality or county may pledge a percentage of the sales and use tax revenue that is received to the payment of debt incurred under a loan agreement entered into with the board, subject to authorization by a majority of the voters at an election called and held for that purpose. |
| Source Note: The provisions of this §363.906 adopted to be effective November 7, 2001, 26 TexReg 8848 |
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