Water Code § 15.505

The board may transfer money out of the fund to certain other funds or accounts, but it may not put transferred money back into the fund. The fund administrator must allocate at least 50% of certain money deposited before September 1, 2047 for transfer to specified water funds, and this subsection expires August 31, 20

Jurisdiction: United States — Texas
Instrument: Code
Version: Undated source snapshot
Language: en
Official source: View official record ↗

fund allocation money transfers

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15.505
Water Code § 15.505
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The board may transfer money out of the fund to certain other funds or accounts, but it may not put transferred money back into the fund. The fund administrator must allocate at least 50% of certain money deposited before September 1, 2047 for transfer to specified water funds, and this subsection expires August 31, 2047.

For expiration of Subsections (c) and (d), see Subsection (d). Sec. 15.505. TRANSFER OF MONEY. (a) Notwithstanding any other law: (1) the board may transfer money from the fund into any other fund or account described by Section 15.502(b); and (2) a fund or account described by Section 15.502(b) may accept a transfer of money made under this subchapter. (b) The board may not restore to the fund money transferred from the fund and deposited to the credit of a fund or account described by Section 15.502(b). Text of subsection effective on September 01, 2027 (c) Of the amount of money deposited to the credit of the Texas water fund under Section 7-e, Article VIII, Texas Constitution, before September 1, 2047, the administrator of the fund shall allocate not less than 50 percent to be used only for transfer to either or both of the following funds: (1) the new water supply for Texas fund established under Subchapter C-1; or (2) the state water implementation fund for Texas established under Subchapter G. Text of subsection effective on September 01, 2027 (d) This subsection and Subsection (c) expire August 31, 2047. Added by Acts 2023, 88th Leg., R.S., Ch. 457 (S.B. 28), Sec. 6, eff. January 1, 2024. Amended by: Acts 2025, 89th Leg., R.S., Ch. 954 (S.B. 7), Sec. 1.08, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 954 (S.B. 7), Sec. 1.09, eff. September 1, 2027.

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Water Code § 15.505

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