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Texas Laws | Water Code
WATER CODE
TITLE 5. SPECIAL LAW DISTRICTS

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27192)

Sec. 152.155. ESTABLISHMENT OF PROGRAM. (27193)(Text)

(a) An economic development program may be established only by formal action of the board of directors of a river authority. (27194)

(b) The board of directors shall: (27195)

(1) establish the goals of the program; (27196)

(2) impose requirements on persons participating in or receiving a benefit from the program; and (27197)

(3) provide restrictions, procedures, and budget limits the board of directors determines are necessary to ensure that the governmental purposes of this subchapter and the program are achieved. (27198)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27199)

Sec. 152.156. PARTICIPATION IN PROGRAM BY PERSON OTHER THAN RIVER AUTHORITY. (27200)(Text)

An economic development program may involve the granting or lending of money, services, or property to a person engaged in an economic development activity. (27201)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 27, eff. Sept. 1, 1999. (27202)

Sec. 152.157. STAFFING AND FUNDING OF PROGRAM. (27203)(Text)

(a) A river authority may employ staff and spend its resources, other than money received from an ad valorem tax or a general appropriation, to further an economic development program. (27204)

(b) A river authority may apply for and receive money, grants, or other assistance from any source to implement an economic development program. (27205)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27206)

Sec. 152.158. AGREEMENT. (27207)(Text)

A river authority and any public or private person may enter into an agreement with respect to an economic development program. (27208)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27209)

Sec. 152.159. GUIDELINES FOR ASSISTANCE TO PUBLIC FIRE-FIGHTING ORGANIZATIONS. (27210)(Text)

A river authority that proposes to provide scholarships, grants, loans, or financial assistance to a public fire-fighting organization shall adopt guidelines for determining: (27211)

(1) eligibility for the assistance; (27212)

(2) the amount of any loan, grant, or other assistance the river authority may provide; and (27213)

(3) the types of equipment, facilities, education, or training for which the assistance may be used. (27214)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27215)

Sec. 152.160. RECEIPT OF ELECTRIC SERVICE AS CONDITION FOR PARTICIPATION IN PROGRAM. (27216)(Text)

A river authority may not condition participation in or the receipt of a benefit from an economic development program on the receipt of electric service from the authority. (27217)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27218)

Sec. 152.161. LIMITATIONS ON USE OF PROGRAM. (27219)(Text)

(a) A river authority may not use an economic development program to: (27220)

(1) promote fuel switching or the substitution of electric power for another fuel or energy source; or (27221)

(2) provide an economic or other incentive to use electric power to preferentially market the use of electric power over another fuel or energy source. (27222)

(b) This section does not limit a power granted to a river authority by other law. (27223)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27224)

SUBCHAPTER E. DEBT OBLIGATIONS OF RIVER AUTHORITY (27225)(Text)
Sec. 152.201. AUTHORITY TO ISSUE OBLIGATIONS. (27226)(Text)

(a) A river authority may issue revenue bonds, notes, or other obligations for a purpose authorized by: (27227)

(1) this chapter; or (27228)

(2) another law, if the purpose relates to the generation, transmission, or distribution of electricity. (27229)

(b) This chapter constitutes full authority for a river authority to issue revenue bonds and other obligations without reference to any other law. (27230)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 1064, Sec. 28, eff. Sept. 1, 1999. (27231)

Sec. 152.202. SALE OR EXCHANGE OF OBLIGATIONS. (27232)(Text)

Revenue bonds, notes, or other obligations issued under this subchapter may be: (27233)

(1) sold for cash at a public or private sale; (27234)

(2) issued on terms determined by the board of directors of the river authority in exchange for property or an interest in property the board of directors considers necessary or convenient for a purpose described by Section 152.201; (27235)

(3) issued in exchange for other matured or unmatured obligations of the river authority in the same principal amounts; or (27236)

(4) sold for cash in the amount equal to the principal amount of the obligations to: (27237)

(A) this state or an agency of this state; (27238)

(B) the United States; or (27239)

(C) an agency or corporation created or designated by this state or the United States. (27240)

Added by Acts 1999, 76th Leg., ch. 227, Sec. 26, eff. Sept. 1, 1999. (27241)

Sec. 152.203. INDEPENDENT APPRAISAL. (27242)(Text)

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