31 TAC §363.33
The Texas Water Development Board (the board) adopts amendments
to 31 TAC §363.33, concerning Interest Rates for Loans and Purchase of
Board's Interest in State Participation Projects without change to the proposed
text as published in the April 23, 1999 issue of the
Texas Register
(24 TexReg 3181) and will not be republished.
The amendments are made to reflect creation of the Texas Water Development
Fund II by Article 3, §49(d)(8) of the Texas Constitution, as a fund
separate and distinct from the Texas Water Development Fund. The amendments
further implement the constitutional provision by deleting reference to specific
accounts as being only within the Texas Water Development Fund and by establishing
the State Participation Account as a separate category for the setting of
interest rates. The term Economically Distressed Areas is clarified as the
Economically Distressed Area Program Account.
No comments were received on the adopted amendments.
The amendments are adopted under the Texas Water Code, Chapter
6, §6.101, which authorizes the Board to adopt rules necessary to carry
out the powers and duties of the Board and the Texas Constitution, Article
3, §49(d)(8).
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on June
17, 1999.
TRD-9903631
Suzanne Schwartz
General Counsel
Texas Water Development Board
Effective date: July 7, 1999
Proposal publication date: April 23, 1999
For further information, please call: (512) 463-7981