(a) The board may use the state participation account of the development fund to encourage optimum regional and interregional development of projects including the design, acquisition, lease, construction, reconstruction, development, or enlargement in whole or part of:
(1) reservoirs and storm water retention basins for water supply, flood protection, and groundwater recharge;
(2) facilities for the transmission and treatment of water;
(3) treatment works as defined by § 17.001; and
(4) interregional water supply projects selected under § 16.145.
(b) The board may not use the state participation account of the development fund to finance a project recommended through the state and regional water planning processes under Sections 16.051 and 16.053 if the applicant has failed to satisfactorily complete a request by the executive administrator or a regional planning group for information relevant to the project.

Terms Used In Texas Water Code 16.131

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

(c) Not less than 50 percent of money used from the state participation account of the development fund in any fiscal year must be used for interregional water projects selected under § 16.145.

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