Sec. 17.906.  APPLICATION BY ELIGIBLE LENDING INSTITUTIONS TO PARTICIPATE IN LINKED DEPOSIT PROGRAM.  To participate in the agricultural water conservation linked deposit program, an eligible lending institution must:
(1)  solicit loan applications, which must contain a description of an agricultural water conservation project;
(2)  review applications to determine if applicants are eligible and creditworthy;  and
(3)  submit the applications of eligible and creditworthy applicants to the executive administrator with a certification:
(A)  of the interest rate applicable to each applicant by the eligible lending institution;  and
(B)  of the soil and water conservation district in which an applicant is located by a director of the district that states that:
(i)  the applicant of the proposed project has a soil and water conservation plan approved by the district;  and
(ii)  the project furthers or implements the plan.
Added by Acts 2003, 78th Leg., ch. 200, Sec. 19(u), eff. Sept. 1, 2003;  Acts 2003, 78th Leg., ch. 352, Sec. 21, eff. Sept. 1, 2003.