Created as a special fund composed of appropriations, bond proceeds, loan repayments, transfers, interest earned, money transferred from the water assistance fund in accordance with § 15.011(b), gifts, grants and donations, and any other fees or sources of revenue directed by the legislature. Used to provide low-interest, zero interest, negative interest loans, loan forgiveness, or grants to rural political subdivisions for water or water-related projects and for water quality enhancement projects to enable subdivisions to obtain water or wastewater service supplied by political subdivisions. The Board may use fund to contract for outreach, financial and technical assistance to assist rural political subdivisions in obtaining and using financing from the fund.

Was established previously as GR Account -- Rural Water Assistance (5068).
Use and source of funds expanded by S.B. 360, 82nd Leg., R.S.