Issue Date: 2003-07-01
Revised Date: 2021-07-23

Legal Cites

Origin:

2003 by H.B. 1875 and H.B. 3318, 78th Leg., R.S.

Purpose

Created as a special fund composed of appropriations, fees or sources dedicated by the legislature, loan repayments, interest, gifts, grants, donations, money from revenue bonds and proceeds from the sale of political subdivision bonds held in the fund.

Used to implement water projects by making low-interest loans and grants to political subdivisions, and as a source of revenue or security for payment of principal and interest on bonds. May also be used to pay administration expenses.

Used to make transfers to the financial assistance account of the Water Development Fund II (0371) to use for purposes of Texas Constitution Art. III, sec 49-d-8, except for purposes of the state participation and economically distressed area accounts.

Classification Group 04: Pledged Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Was established previously as GR Account -- Water Infrastructure (5067)

Transfer added by H.B. 1904, 87th R.S.

USAS Values

USAS Title WATER INFRASTRUCTURE FUND
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status A
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.