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Tex. Water Code § 51.320

LOANS FOR MAINTENANCE AND OPERATING EXPENSES

Texas · Texas Water Code · Status: effective

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Tex. Water Code § 51.320, LOANS FOR MAINTENANCE AND OPERATING EXPENSES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/580927
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The board may borrow money to pay maintenance and operating expenses at an interest rate of not more than 10 percent a year and may pledge as security any of its notes or contracts with water users or accounts against them.