Untitled Texas Attorney General Opinion

. . THE L%.TFORNEW GENERAL OF -XAS Honorable Howard B. Boswell Opinion No. M-634 Executive Director Texas Water Development Board Austin. Texas Re: Authority of Texas Water De- velopment Board to make a commitment to political sub- divisions to purchase their bonds in the future, subject to later availability of monies in the Texas Water Develop- ment Fund, and related ques- Dear Mr. Boswell: tions. In your recent request for an official opinion of this department you state that, under the present state of the money market, and due to the constitutional limit upon the interest which the Texas…