Sec. 33.654.  USE OF COASTAL PROTECTION AND IMPROVEMENT FUND.  (a)  The coastal protection and improvement fund shall be used only to make a qualified payment to a coastal county sponsoring a qualified project under this subchapter.
(b)  The commissioner may make a qualified payment from the fund to a coastal county only if and to the extent that the coastal county is sponsoring a project that qualifies for funding as certified by the coastal county and the land office.
(c)  The amount and timing of a qualified payment shall be determined by agreement between the land office and the coastal county sponsoring the project.  The amount of a qualified payment may not exceed the estimated project costs.
Added by Acts 2005, 79th Leg., Ch. 867 (S.B. 1044), Sec. 4, eff. June 17, 2005.