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TITLE 31NATURAL RESOURCES AND CONSERVATION
PART 10TEXAS WATER DEVELOPMENT BOARD
CHAPTER 363FINANCIAL ASSISTANCE PROGRAMS
SUBCHAPTER AGENERAL PROVISIONS
DIVISION 2GENERAL APPLICATION PROCEDURES
RULE §363.18Promissory Notes and Loan Agreements with Nonprofit Water Supply Corporations
(a) The board may provide financial assistance to corporations by either purchasing bonds issued by the corporation or by purchasing a promissory note and entering into a loan agreement with the corporation.

(b) If a corporation executes a promissory note and loan agreement with the board, the corporation may be required to engage the services of a bond counsel or a financial advisor.

Source Note: The provisions of this §363.18 adopted to be effective October 13, 1997, 22 TexReg 9892; amended to be effective December 25, 2007, 32 TexReg 9721

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