| Issue Date: | 2003-07-01 |
|---|---|
| Revised Date: |
Legal Cites
- Water Code sec. 15.973
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 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.
| 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)
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.