Tex. Water Code Section 6.114
Financial Assistance Programs: Default, Remedies, and Enforcement

(a)

In this section:

(1)

“Default” means:

(A)

default in payment of the principal of or interest on bonds, securities, or other obligations purchased or acquired by the board;

(B)

failure to perform any covenant related to a bond, security, or other obligation purchased or acquired by the board;

(C)

a failure to perform any of the terms of a loan, grant, or other financing agreement; or

(D)

any other failure to perform an obligation, breach of a term of an agreement, or default as provided by any proceeding or agreement evidencing an obligation or agreement of a recipient, beneficiary, or guarantor of financial assistance provided by the board.

(2)

“Financial assistance program recipient” means a recipient or beneficiary of funds administered by the board under this code, including a borrower, grantee, guarantor, or other beneficiary.

(b)

In the event of a default and on request by the board, the attorney general shall seek:

(1)

a writ of mandamus to compel a financial assistance program recipient or the financial assistance program recipient’s officers, agents, and employees to cure the default; and

(2)

any other legal or equitable remedy the board and the attorney general consider necessary and appropriate.

(c)

A proceeding authorized by this section shall be brought and venue is in a district court in Travis County.

(d)

In a proceeding under this section, the attorney general may recover reasonable attorney’s fees, investigative costs, and court costs incurred on behalf of the state in the proceeding in the same manner as provided by general law for a private litigant.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1233 (S.B. 660), Sec. 2, eff. September 1, 2011.

Source: Section 6.114 — Financial Assistance Programs: Default, Remedies, and Enforcement, https://statutes.­capitol.­texas.­gov/Docs/WA/htm/WA.­6.­htm#6.­114 (accessed Apr. 20, 2024).

6.001
Definitions 6.002
Scope of Chapter 6.011
Board as Agency of State 6.012
General Duties and Responsibilities 6.013
Sunset Provision 6.014
Construction of Title 6.051
State Agency 6.052
Members of the Board 6.053
Eligibility for Membership 6.054
Removal of Board Members 6.055
Officers of State 6.056
Terms of Office 6.057
Conflict of Interest 6.058
Lobbyist Prohibition 6.059
Chairman of the Board 6.060
Board Meetings 6.061
Full-time Service 6.062
Required Training for Board Members 6.101
Rules 6.102
Advisory Councils 6.103
Executive Administrator 6.104
Memoranda of Understanding 6.105
Public Testimony Policy 6.106
Standards of Conduct 6.107
Power to Enter Land 6.108
Power to Purchase Insurance 6.109
Liability 6.111
Separation of Responsibilities 6.112
Border Projects Website 6.113
Negotiated Rulemaking and Alternative Dispute Resolution 6.114
Financial Assistance Programs: Default, Remedies, and Enforcement 6.115
Receivership 6.151
Audit 6.152
Public Information Relating to Board 6.153
Copies of Documents, Proceedings, Etc 6.154
Complaint File 6.155
Notice of Complaint 6.156
Reports to Governor 6.157
Seal 6.181
General Responsibilities 6.183
Employment of Personnel 6.184
Administrative Organization 6.185
Information Request to Commission 6.186
Career Ladder Program 6.187
Merit Pay 6.188
Equal Employment Opportunity Policy 6.189
Appearances at Hearings 6.190
Contracts 6.191
Travel Expenses 6.192
Gifts and Grants 6.193
Employee Moving Expenses 6.194
Applications and Other Documents 6.195
Notice of Application 6.197
Intellectual Property of Board 6.198
Purchase, Donation, and Sale of Promotional Items 6.241
Judicial Review of Acts 6.242
Remedy for Board or Executive Administrator Inaction 6.243
Diligent Prosecution of Suit 6.244
Venue 6.245
Appeal of District Court Judgment 6.246
Appeal by Executive Administrator Precluded 6.247
Law Suits 6.0601
Consultation Regarding Certain Financial Matters 6.1011
Budget Approval 6.1555
Referral for Investigation or Enforcement Action 6.1565
Application Requirement for Colonias Projects
Green check means up to date. Up to date

Accessed:
Apr. 20, 2024

§ 6.114’s source at texas​.gov