HB365 - Relating to the authority of the Texas Water Development Board to provide financial assistance from the economically distressed areas account that is not required to be repaid.

  89R997 JAM-D     By: González of El Paso, Harris , Walle, H.B. No. 365       Guillen, Lopez of Cameron, et al.       A BILL TO BE ENTITLED   AN ACT   relating to the authority of the Texas Water Development Board to   provide financial assistance from the economically distressed   areas account that is not required to be repaid.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 17.933(c), Water Code, is amended to   read as follows:          (c)  The total amount of financial assistance provided by the   board to political subdivisions under this subchapter from   state-issued bonds for which repayment is not required may not   exceed at any time 90 [ 70 ] percent of the total principal amount of   issued and unissued bonds authorized under Article III of the Texas   Constitution, for purposes of this subchapter plus outstanding   interest on those bonds.          SECTION 2.  This Act takes effect September 1, 2025.