Tex. Water Code § 15.206
APPLICATION FOR INSURANCE
Texas · Texas Water Code · Status: effective
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- Citation
- Tex. Water Code § 15.206, APPLICATION FOR INSURANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/579256
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Full text
(a) An issuer may apply in writing to the board for the insurance of its bonds.
(b) The application must include the following information:
(1) the name of the issuer;
(2) citations of the laws under which the issuer is created and operates and under which the bonds to be insured are to be issued;
(3) the total amount of bonds for which insurance coverage is sought and the anticipated interest rate on the bonds;
(4) the term for which the bonds are to be issued;
(5) the purpose or purposes for which the bonds are to be issued;
(6) financial information relating to the issuance of the bonds and to the financial stability and future of the issuer;
(7) the water conservation plan required by Section 16.4021; and
(8) any other information the board requires by its rules or otherwise considers necessary in making a determination of the application.
(c) The board by rule shall prescribe the form and procedure for submitting and processing an application.