Statutes, codes, and regulations
Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATIONPart 10 - TEXAS WATER DEVELOPMENT BOARDChapter 363 - FINANCIAL ASSISTANCE PROGRAMSSubchapter I - PILOT PROGRAM FOR WATER AND WASTEWATER LOANS TO RURAL COMMUNITIES
Division 1 - INTRODUCTORY PROVISIONS
Section 363.906 - Sales and Use Tax as Loan Security

31 Tex. Admin. Code § 363.906

Download
PDF
Current through Reg. 50, No. 1; January 3, 2025
Section 363.906 - Sales and Use Tax as Loan Security

A rural community that is a municipality or county may pledge a percentage of the sales and use tax revenue that is received to the payment of debt incurred under a loan agreement entered into with the board, subject to authorization by a majority of the voters at an election called and held for that purpose.

31 Tex. Admin. Code § 363.906

The provisions of this §363.906 adopted to be effective November 7, 2001, 26 TexReg 8848