Texas Water Code 17.871 – Definitions
Terms Used In Texas Water Code 17.871
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Rule: includes regulation. See Texas Government Code 311.005
In this subchapter:
(1) “Bonds” means Texas agricultural water conservation bonds authorized by Article III, § 50-d, of the Texas Constitution and issued as bonds, notes, or other evidences of indebtedness in accordance with this subchapter.
(2) Repealed by Acts 2003, 78th Leg., ch. 200, Sec. 19(w)(2) and Acts 2003, 78th Leg., ch. 352, Sec. 23(2).
(3) “Eligible lending institution” means a financial institution that makes commercial loans, is either a depository of state funds or an institution of the Farm Credit System headquartered in this state, agrees to participate in a linked deposit program established under § 17.905 and to provide collateral equal to the amount of linked deposits placed with it, and meets any other requirements established by board rule.
(4) “Fund” means the agricultural water conservation fund authorized by § 50-d, Article III, of the Texas Constitution.
(5) “Person” means an individual, corporation, partnership, association, or other legal entity that is not a political subdivision.
(6) “Political subdivision” includes a district or authority created under § 52, Article III, or § 59, Article XVI, of the Texas Constitution, a municipality, a county, an institution of higher education as defined by § 61.003, Education Code, any interstate compact commission to which the state is a party, and any nonprofit water supply corporation created and operating under Chapter 67.
(7) Repealed by Acts 2003, 78th Leg., ch. 200, Sec. 19(w)(2) and Acts 2003, 78th Leg., ch. 352, Sec. 23(2).