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| TITLE 31 | NATURAL RESOURCES AND CONSERVATION |
| PART 10 | TEXAS WATER DEVELOPMENT BOARD |
| CHAPTER 367 | AGRICULTURAL WATER CONSERVATION PROGRAM |
| RULE §367.20 | State Liability |
The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to an approved applicant. A linked deposit is not an extension of the state's credit within the meaning of any state constitutional prohibition. |
| Source Note: The provisions of this §367.20 adopted to be effective July 6, 2004, 29 TexReg 6348 |
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