(a) A district contemplating the use of agency-directed escrowed funds for a purpose approved in the bond application must submit the following documents to the executive director:
  (1) a resolution by the governing board or a letter from the board president requesting approval of the expenditure;
  (2) evidence that the reason for escrow of such funds has been satisfied; and
  (3) other information as the executive director may require and requested within 10 days of receipt of application; and
  (4) a filing fee in the amount of $100.
(b) A district contemplating use of agency-directed escrowed funds for purposes other than as approved by the commission in the bond application must receive approval of the executive director. To secure such approval, the following documents must be submitted:
  (1) for engineering projects:
    (A) the documents required by §293.83(4) of this title (relating to District Use of Surplus Funds); and
    (B) a resolution of the governing board or a letter from the board president requesting such release from escrow;
  (2) for purposes other than engineering projects:
    (A) a resolution by the governing board requesting escrow release;
    (B) a detailed explanation of purpose for which the funds will be expended; and
  (3) a filing fee in the amount of $100; and
  (4) other information as the executive director may require.

Source Note: The provisions of this §293.84 adopted to be effective September 5, 1986, 11 TexReg 3745; amended to be effective June 30, 1993, 18 TexReg 3758; amended to be effective June 5, 1998, 23 TexReg 5715.