15.203 – ELIGIBLE BONDS. (a) Only revenue, general
Texas Water Code § 15.203
Summary
This law specifies the types of bonds that can be insured under a state program, including revenue and general obligation bonds issued for qualifying water projects. It also sets a maximum term limit of 50 years for these bonds to be eligible for insurance.
Eligible bonds include revenue and general obligation types.
Bonds must be for qualifying projects under board rules.
Bonds with terms longer than 50 years are ineligible.
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In simple terms: Learn about Texas's ELIGIBLE BONDS. (a) Only revenue, general law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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