(a) In this subchapter:
(1) “Program” means the water bond insurance program.
(2) “Bonds” means bonds or other obligations of a political subdivision or water supply corporation issued to provide funds for a project defined in Subsection (b) of this section.
(3) “Insured bonds” means bonds or other obligations insured by the state under this subchapter.
(4) “Issuer” means a political subdivision or water supply corporation issuing bonds or other obligations eligible to be insured under the program.
(5) “Water supply corporation” means a nonprofit water supply corporation created and operating under Chapter 67.
(b) Notwithstanding the definition in Subdivision (6), § 15.001, of this code, in this subchapter, “project” means any undertaking or work to conserve, convey, and develop surface or subsurface water resources of the state, to provide for the maintenance and enhancement of the quality of the water of the state, to provide for flood control and drainage, to provide recharge or chloride control, or to provide for desalinization, and to carry out other purposes defined by board rules.