Issue Date:
Revised Date: 2017-11-07

Legal Cites

Origin:

1981 by H.B. 8, 67th Leg., 1st C.S.

Purpose

To be funded by direct Legislature appropriation and by transfers by the board from the Water Assistance Fund (0480). The board may use the fund for projects including the design, acquisition, lease, construction, reconstruction, development, or enlargement in whole or part of any existing or proposed water storage project. In addition, the board may, at its discretion contract with a political subdivision to pay the principal of or interest on or both on bonds or other obligations issued by a political subdivision. 

Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Credited to General Revenue Fund (0001).
Disposition of Balance Returned to Water Assistance Fund (0480).
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Transferred from the Texas Water Commission (now Texas Commission on Environmental Quality, 582) to Texas Water Development Board as created by S.B. 249, 69th Leg., R.S. 

Amended by H.B. 2, 69th Leg., R.S.

USAS Values

USAS Title STORAGE ACQUISITION FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.