Tex. Water Code § 15.306
BOARD FINDINGS
Texas · Texas Water Code · Status: effective
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- Citation
- Tex. Water Code § 15.306, BOARD FINDINGS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/579275
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Full text
Before the board may acquire storage facilities in any reservoir, the board shall find affirmatively that:
(1) it is reasonable to expect that the state will recover its investment in the facilities;
(2) the cost of the facilities exceeds the current financing capabilities of the area involved, and the facilities cannot be reasonably financed by local interests without state participation;
(3) the public interest will be served by acquisition of the facilities; and
(4) the facilities to be constructed or reconstructed contemplate the optimum development of the site which is reasonably reserved under all existing circumstances of the site.