Terms Used In Texas Water Code 16.001

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

In this chapter:
(1) “Board” means the Texas Water Development Board.
(2) “Commission” means the Texas Natural Resource Conservation Commission.
(3) “Chairman” means the chairman of the Texas Water Development Board.
(4) “Executive director” means the executive director of the Texas Natural Resource Conservation Commission.
(5) “Executive administrator” means the executive administrator of the Texas Water Development Board.
(6) “Development fund manager” means the development fund manager of the Texas Water Development Board.
(7) “Political subdivision” means a county, city, or other body politic or corporate of the state, including any district or authority created under Article III, § 52 or Article XVI, § 59 of the Texas Constitution and including any interstate compact commission to which the state is a party and any nonprofit water supply corporation created and operating under Chapter 67.
(8) “Bonds” means all Texas Water Development Bonds now or hereafter authorized by the Texas Constitution.
(9) “Waste” has the same meaning as provided in § 26.001 of this code.
(10) “Water development bonds” means the Texas Water Development Bonds authorized by Article III, §§ 49-c and 49-d, of the Texas Constitution and bonds dedicated to use for the purposes of those sections under Article III, Sections 49-d-2, 49-d-6, and 49-d-7, of the Texas Constitution.
(11) “State facility” means a project in which the board has acquired an ownership interest.
(12) “Acquisition of a state facility” means the act or series of actions by the board in making payment for a state facility.