Untitled Texas Attorney General Opinion

THE ATNBRNEY GENERAL OF TEXAS CRAWFOWD c. MARTlN AUSTIN.TEXAR 78711 .aT-roRNEY DENER*I. February 15, 1972 Honorable Harry P. Burleigh Opinion NO. M- 1069 Executive Director Texas Water Development Board Re: Several responsibili- ties and duties of state Honorable Hugh C. Yantis, Jr. agencies under Art. III, Executive Director Sec. 49-d-l and Texas Texas Water Quality Board Water Code, Sections 21.601 through 21.612, Gentlemen: inclusive. You have requested our opinion in answer to ten questions, to be hereinafter set out, and which relate to a proper construction of the following portions of the Texas Constitution and the Texas Water Code and the new state as- sistance program for the building of sewage facilities. Section 49-d-1, of Article III, Constitution of Texas, and Subchapter I of the Texas Water Code (Acts of 62nd Leg., R.S., Chap. 612, pages 198&X984). We have re-grouped your questions in order to shorten this opinion in answer thereto: Question 1. Can the Water Quality Board, in circumstances otherwise lawful, make a "direct loan" to a polit- ical subdivision of the State as a means of providing State finan- cial assistance for the construc- tion of waste treatment works? Qiiestion 2. Does the Water Development Board have discretion to determine the amount of bonds to be sold by the Water Quality Board in order to secure the most favorable interest rates for the State by taking into account factors such as the amount of Water Development Bonds out- standing, market conditions, prox- imity of sales of other State bonds -5228- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 2 and like factors; provided, of course, that Water Quality Enhance- ment Funds are available in suffi- cient amount to provide for the purchase of bonds or to fund "di- rect loans" to political subdivi- sions of the State as applications for the same are approved by the Water Quality Board? Question 3. Does the Water Development Board have any responsibility concern- ing the-security of the State's investment in purchasing bonds of political subdivisions whose applications for State financial assistance are approved by the Water Quality Board, other than to provide the "comments and recommendations of the develop- ment fund manager relating to the best method for making financial assistance available?" "Direct loans" are covered by Section 21.610, Texas Water Code which reads as follows: "Section 21.610. Direct Loans "(a) If a political subdivision in the judgment of the board is unable to issue bonds or other obligations for a project in the state for which a federal grant is to be made under the Federal Water Pollution Control Act, as amended, then the board may provide financial assistance to the political subdivision by agreeing to pay from water quality enhancement funds the amount required by federal law of the estimated reasonable cost of the project. "(b) Before the delivery of any water quality enhancement funds to the political subdivision, the board with the advice of the development fund manager and the political sub- division shall execute a loan agreement which -5229- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 3 shall provide that the political subdivision shall pay into the appropriate account not less than the amount necessary to repay the principal of and interest on the loan over the period of time and under the terms and conditions which are mutually agreeable to the Texas Water Development Board and the political subdivision. The contract may also include any other terms and conditions which the board may require. "(a) Each political subdivision may charge and collect necessary fees, rentals, rates, and charges for the use, occupancy, and availability of its treatment works and any of its other properties, buildings,~structures, operations, utilities, systems, activities, and facilities so that it may make all payments re- quired by its loan agreement. The political subdivision shall pledge such amounts to make those payments. "(d) Also, the political subdivision may pledge its ad valorem taxes, if any, and levy and collect the taxes for the purpose of making all or any part of the payments required by its loan agreement. The taxes shall be in addition to all other ad valorem taxes permitted by law, but may not exceed, together with other ad valorem taxes, any maximum imposed by the Texas Constitution. "(e) Each loan agreement executed pursuant to this Act, and the appropriate proceedings authorizing its execution, shall be submitted to the attorney general for examination before the delivery of the money to the political subdivision. If he finds that the loan agreement has been authorized and executed in accordance with law, that the provisions are valid, and that the political subdivision has demonstrated to his reasonable satisfaction that the payments re- quired by the agreement can be made from the sources pledged, he may approve the agreement." -5230- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 4 Rules 300.1, 305.1, 305.2 and 305.3 (Chapter III, entitled "financial Assistant Direct Loans") of the "Joint Rules, Regulations and Policies of the Texas Water Quality Board and Texas Water Development Board' read as follows: "300.1 STATE POLICY "It is the intent that bonds purchased by the Development Board will be marketable in the municipal bond market, thereby provid- ing a revolving fund for the continuing pur- chasing of political subdivision bonds, and extending the use of the State bond program for water quality enhancement. "Direct loans and obligations other than bonds are not marektable in the public market. Therefore, it is the policy of the State of Texas to utilize direct loans or to purchase obligations other than bonds, to pro- vide water quality enhancement funds only as a last resort. A political subdivision will not be regarded as being unable to issue bonds because it is inconvenient or because an elec- tion will be required to authorize the issuance of bonds. In the event of an unsuccessful elec- tion, and in other appropriate cases, the pur- chase of bonds pursuant to the Compact will be given preference over a direct loan or the pur- chase of obligations other than bonds." "305.1 QUALITY BOARD CONSIDERATION OF APPLICATION "No application for a direct loan shall be granted unless the Quality Board, with the advice of the development fund manager, shall find, after consideration as outlined in Rule 110.2(d), that: -5231- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 5 “(a) the applicant is unable to issue bonds or other obligations for construction of treatment works for which a Federal grant is to be made, and, ” (b) the applicant has sources of reve- nue which can be pledged, of not less than the amount necessary to repay th.e principal of and interest on the loan over a period of time." "305.2 LOAN AGREEMENT "Before the delivery of any water quality enhancement funds to the applicant, the Quality Board shall, with the advice of the development fund manager, execute a loan agreement providing the time period for proper payment of principal and interest to the appropriate account. "Such loan agreement shall be agreeable to the Development Board and shall be approved by the Attorney General of Texas. Such loan agreement shall be accompanied by proof of the matter set forth in Section 7.10(e) of Subchap- ter G of the Texas Water Quality Act (Section 21.10[el, Texas Water Code). If the loan agree- ment is payable from revenues, the applicant shall submit copies of rate orders and/or ordi- nances setting utility rates, as well as certi- fied copies of the engineer's projections of income." "305.3 APPLICATION INFORMATION "Applicants contemplating financial as- sistance by a direct loan shall comply with the provisions of Sections 205.1, 205.2, and 205.3, as appropriate, of these Rules. It is especial- ly important that these applicants consult with the staffs of the Quality Board and Development Board prior to submitting an application so as to be properly informed as to the information which will be required." -5232- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 6 Section 11.141, Texas Water Code (formerly Art. 8280-9a, V.C.S.) authorizes the Water Development Hoard to issue a maximum of $200,000,000 of bonds, Tex. Const., Art. III, Sec. 49-c and 49-d. While these Sections of the Consti- tution were not self-enacting as to the issuance of bonds, Section 49-d-1, Subdivision (a) of Article III (adopted May 18, 1971) in its relevant portion, reads: "The Texas Water Development Board shall upon direction of the Texas Water Quality Board... issue additional...Bonds up to an additional aggregate principal amount of One Hundred Million Dollars... to provide... for water quality enhancement purposes as established by the Legisla- ture...." Issuance of these bonds is implemented by Subchapter I of Article I of Chapter 21, (Section 21.601 through Section 21.612) of the Texas Water Code. Acts, 62nd Leg., R.S., 1971, Chap. 612, pages 1980-1984. Our answer to Questions Numbers 1, 2 and 3 are in the affirmative, except, we hold that for a direct loan to be made "in circumstances otherwise lawful" (as stated in your Question No. 1) the loan must have the approval of both the Texas Water Quality Board and the Texas Water Development Board as the collaborative state agency created by the Consti- tution to act as the fiscal agent of the State for state water projects. However, the Texas Water Development Board cannot consider any applicant for a "water quality enhancement" loan unless such applicant is favorably proposed or nominated by the Texas Water Quality Board. Sections 49-c, 49-d and 49-d-1, Texas Constitution, and all Texas WaterCode provisions relating te the Texas Water Development Board and the Texas Water Quality Board must be read in pari materia so as to harmonize all of these constituional and statutory provisions. Purcell vs. Lindsey, IS. Bond 384 S.W.2d 386, 158 Tex. (Tex.Civ.App. 541, 314 S.W.Zd 1964, error 283 (1958); ref. n.r.e. --+ Year7 ; .mIJur.2d. Const. Law, Sec. 27 and 29, pages 371 and 374. A fair construction of these constitutional and statutory provisions in our opinion is that the peogle have -5233- Honorable Harry P. Burleigh (M-l 069) Honorable Hugh C. Yantis, Jr. Page 7 created a "revolving fund" in the State Treasury for the building, purchasing or maintaining of water projects as such are defined in these laws. The intent and purpose of the fund is to make loans and thus to lend state aid on a "pay- back with interest" basis under Article III, Section 49-d-1, Texas Constitution and its implementing statutes. A reading of Subchapter I, (Sections 21.601 et seq.) of Chapter 21, Texas Water Code, shows that while the Texas Water Quality Board has the "sole responsibility and authority for selecting the political subdivisions to whom (Art. III, Sec. 49-d-1) financial assistance may be provided" (Section 21.606, Sub- division [cl), and while Texas Water Quality Board in making its decisions does "not require the concurrence or approval of any other... governmental entity (Subdivision [e) of Sec- tion 21.6061, these provisions must be read in harmony with Subdivision (d), (e) (f), (h) and (j) of Section 21.609, Texas Water Code, which read as follows: "(d) Except as specifically provided in this subchapter, water development bonds authorized under Article III, Section 49-d-1, of the Texas Constitution shall be issued and ,sold and financial assistance from the water quality enhancement account shall be provided in the same form and manner as provided in Chapter 11 of this code, for issuing and sell- ing other bonds and making other financial assistance available to political subdivisions. "(e) The Texas Water Development Board shall deliver funds pursuant to an applica- tion for financial assistance on request of the board. "(f) The Texas Water Development Board shall use the money in the water quality en- hancement account to purchase bonds or other obligations of any political subdivision and for making direct loans for the purpose of providing money to the political subdivision for construction of treatment works. II . . . "(h) The Texas Water Development Board shall establish within funds previously created -5234- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 8 appropriate accounts for separate handling of money derived from payment of interest of and principal on bonds and other obligations pur- chased from political subdivisions and repay- ment of direct loans made to political subdi- visions. . . . “(j)The Texas Water Development Board may perform any acts which are necessary to carry out its functions under this subchapter." It is our opinion that the above laws and the con- stitutional powers reposed by the people in the Texas Water Development Board show that even though the expertise of finding qualified applicants and of supervising construction of sewage plants is to be done through the Texas Water Quality Board, the present statute does not divest the Texas Water Development Board of its most necessary duties. The Consti- tution and statutes contemplate use of the fiscal expertise of the Texas Water Development Board to determine when to sell State bonds, and how-to safeguard the revolving fund by supervision of the purchases of local bonds, or by execu- tion of direct loan agreements. We construe the law to require that both Texas Water Quality Board and Texas Water Development Board must approve any financial transactions under Article III, Sec- tion 49-d-1, Texas Constitution, and Sections 21.601, et seq., of the Texas Water Code. Rule 210.2(c), Joint Rules of Texas Water Development Board and Texas Water Quality Board. We note that Section 11.141 clearly authorizes only the Water Development Board to issue water development bonds. It alone, under Section 11.412, may purchase bonds. By these Sections this Board seems to be clearly designated as the sole fiscal agent of the State having final discretion as to both uance and uurchase of these bonds. Our consideration of all the applicable provisions of law leads us to the con- clusion that both the Texas Water Quality Board and the Texas Water Development Board must collaborate in considering appli- cations for state aid in this field, but that the final deter- mination as to issuance of bonds rests with the WaterDevelop- ment Board, based upon the conditions and requirements pre- .scribed by Section 11.412 and "other conditions and require- ments" the Water Development Board "considers to be consistent -5235- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 9 with sound investment praatices and in the public interest." Section 21.609 concerns the subject of providing financial assistance and in its subdivision (d) expressly requires that it shall be provided "in the same form and manner as provided in Chapter 11 of this Code, for issuing and selling other bonds. . ." In addition, a "direct loan" would require approval by the Attorney General under Section 21.610(e). In answer to Questions 1, 2 and 3, neither agency hae conclusive authority so as to preclude disapproval by the other agency, except that no Article III, Section 49-d-l loan can be considered or approved unless it is favorably recommended by the Texas Water Quality Board; nor can the Water Quality Board preempt the Water Development Board from performing its constitutional, statutory and discretionary duties of making a "Water Quality Enhancement Account" avail- able as a revolving fund by giving adequate supervision to the financial arrangements necessary to protect such consti- tutional revolving fund. We are thus unable,to accept the contention that Article III, Section 49-d-1, Texas Constitution, together with Sections 21.603, 21.606, 21.608 and 21.,609(e), Texas Water Code, have the effect of vesting full discretion and authority in the Texas Water Quality Board in the matter of financial assistance to political subdivisions through the purchase of bonds or other obligations of such subdivision, thereby impliedly repealing Section 11.412(b) of the Water Code. The rule of construction that is here applicable is that where there is no express repeal, the presumption is that there was no repeal intended and both acts will stand unless the conflicting provisions are so antagonistic and repugnant that both cannot stand. Repeals by implication are disfavored. 53 Tex.Jur. 2d 150-151, Statutes, Sec. 102. "The doctrine of implied repeal may not be invoked merely because there is some difference, discrepancy, inconsistency, or repugnancy between earlier and later legislation. In such a case the court -5236- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 10 will endeavor to harmonize and reconcile the various provisions, and if both acts can stand together, the rule is to let them stand." 53 Tex.Jur.2d 148-149, Stat- utes, Sec. 100. While Article III, Section 49-d-l of the Constitu- tion authorizes the Texas Water Development Board to issue bonds upon the direction of the Texas Water Quality Board, the author- ity to do so is conditioned "upon such terms and conditions as the Legislature may authorize by general law." Furthermore, it is then expressly provided that the bonds shall be issued upon such "terms" and "conditions" as the Legislature may authorize. Consequently, the Constitution has left the matter to the Legislature. Section 21.603 merely provides that the Water Quality Board "may use water quality enhancement funds to provide fi- nancial assistance to political subdivisions". Section 21.606 directs the Water Quality Board to submit applications for fi- nancial assistance to the Water Development Board, together with all comments and recommendations, in order that the latter may take action thereon. While the Water Quality Board is empowered to pass upon the application and to approve or deny it, in whole or in part, there is nothing in this statute that takes away the separate power of the Water Development Board also to exercise its separate statutory authority to pass upon the security for bonds under Section 11.412. This subject is not mentioned in Section 21.606 and thus both sections may stand and are not necessarily inconsistent or repugnant to one another. While Section 21.608 sets out two conditions for obtaining financial assistance, these do not involve the sub- ject of bond approval and security for bonds, which is dealt with in Section 11.412. Section 21.608 does not recite that the two conditions shall constitute the only conditions but rather relate only to the approval required by the Water Quality Board under Chapter 21 and any necessary implementing order to be issued by the political subdivision. Consequently, this Section may be harmonized with Section 11.412(b), it not being necessarily incompatible therewith. -5237- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 11 Finally, Section 21.609(e), providing.for the deli- very of funds by'the Water Development Board, must be read together with 21.609(d), which expressly makes the issuance and selling of the bonds subject to the manner provided for in Chapter 11 of the Code. Hence, there is no antagonism with Chapter 11, that is, Section 11.412(b), which cannot be deemed repealed by implication. We now proceed to the next three questions which we will consider together. Question 4. Does Section 7.10 of Article 7621d-1 establish a new addi- tional debt-financing power for political subdivisions of the State which is unaffected by other legal financial limita- tions or procedural requirements applicable to the political sub- divisions? For example, does Section 7.10(d) authorize a city to,pledge the revenues of an exist- ing water works or electric system in an amount exceeding $10,000 to secure a "direct loan" without the referendum required by Article 1112, Vernon's Civil Statutes? Question 5. Is the Water Quality Board re- quired to specifically find that the political subdivision is un- able to issue bonds and has sources of revenues which can be pledged of not less than the amount neces- sary to repay the principal and interest of the loan over a period of time to be specified in the loan agreement before approving an application for a "direct loan"? Question 6. Are the Water Quality Board's findings with respect to a specific application for a "direct loan" con- clusive on the L"7aterDevelopment Board? -5238- Honorable Harry P. Burleigh (M-l 069) Honorable Hugh C. Yantis, Jr. Page 12 The Section 7.10 referenced in Question 4 is now Section 21.610, Texas Water Code, and covers "Direct Loans" to be repaid by a repay contract without the issuance of bonds by a political subdivision. The question of when a "debt" is created by various legal entititiesof the state is governed by a separate body of law and we are unable to answer your Question 4 without more facts. It is the general rule that a "debt" is not created by a political subdivision if only revenues are pledged, or if the payment is to be made from some currently existing fund. City of Nederland vs. Callihan, 299 S.W.2d 380, (Tex.Civ.App. 1957, error ref. n.r.e.); San Antonio River Authority vs. Shepperd, 157 Tex. 73, 299 S.W.Zd 920 (1957); Cameron County W.C.I.D. No. 8 vs. Western Metal Mfg. Co. of Texas, 125 S.W.2d 650, (Tex.Civ.App. 1939, writ dism., -Wichita County vs. Griffin, 284 S.W.2d 253, (Tex.Civ.App. 1955, error ref. n.r.e.1; 136 Tex. 218, 150 S.W.2d district created under Article XVI, Section 59 of the Texas Constitution cannot issue tax~bonds without a vote of the people. Brown County Water Improvement District vs. Austin Mill & Grain Co., 135 Tex. 140, 138 S.W.2d 523 (1940), holds as follows: "The words 'any indebtedness' are emphatic and inclusive. We are called upon, however, to say that the word 'indebtedness' in this provision does not have the same broad meaning or significance which it un- doubtedly has in the preceding subdivisions where it is used. The contention is that as here used it has the restricted meaning given to the word 'debts' in Section 5, Article 11, of the Constitution pertaining to cities and towns. See McNeil1 v. City of Waco, 89 Tex. 83, 33 S.W.322. We perceive no reason for giving this word this special meaninq, - when its true meaning is clearly apparent from its own context; It is a general rule that words are usually given a broad and liberal meaning, if necessary, in order to effectuate the purpose of the constitutional provision of which they are a part. It may be safely said that one of -5239- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 13. the dominant purposes of the constitutional provision in question was to prevent the burdening of property with tax liens, ex- cept with the approval of thetaxpayers themselves, formally expressed in an elec- tion for that purpose. So, in light of this manifest purpose, it is plain that the 'indebtedness' mentioned in this provision is exactly the same indebtedness mentioned in Subdivision (e), where it is said, 'such indebtedness shall be a lien upon the property assessed for the payment thereof."' (Emphasis added.) We,therefore, hold that each applicant for use of water quality enhancement funds must satisfy each agency that it has lawful authority to make repayment to the revolving fund. Article 1112 relating to cities plainly provides for an election in certain cases mentioned therein. Under the Brow; County case, supra, a direct loan for purposes mentioned in t e statute repayable in whole or in part out of taxes would require an election as it would be a form of "indebted- ness w covered thereby. In answer to Question 5, there is a necessity for the Texas Water Quality Board to make its fact findings as to the ability of an applicant for a water quality enhance- ment loan to issue bonds. Subdivision (2) of Section 21.607, Texas Water Code, specifically requires the Water Quality Board to consider "the availability of revenue...for the ultimate repayment of...cost...including interest"; and under Subdivision (a) of Section 21.610, "the judgment of the [Texas Water Quality] board" is required before its ap- proval is given. In view of our analysis of the nature of the revolving fund and the present statutory language which permits only loans (as distinguished from gifts or grants), Water Quality Board findings as to the inability of applicant to issue bonds is not conclusive on the Texas Water Develop- ment Board. A favorable or unfavorable finding by the Texas Water Quality Board as to the inability of the applicant to issue bonds would still be reviewable for abuse of discretion by a Travis County District Court or by a District Court in -5240- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 14. the county of residence of applicant. Section 21.451, Texas Water Code (Water Quality Board appeals). Because there is no appeal statute, an unfavorable finding toward applicant by the Texas Water Development Board would not be appealable unless it violated some constitutional risht of the aoolicant or adversely affected the property rights-of the political subdivision affected by the order. Richardson ~vs.~Alsup, 380 S.W;2d 923, (Tex.Civ.App. 1964, e rror ref.) ; Cab Co. vs. Houston, 440 S;W.2d 732, (Tex.Civ.App. w no writ): Chemical Bank & Trust Co. vs. Falkner, 369 S.W.2d 427 (Tek:Ss 9631 : 1 Tex.Jur.Zd. Administrative Law,and Procedure, Sec:34;.pages 673-74;.12 Tex.Jur.Zd, Const. Law, Sec. 100, page 449. In submitting questions five through nine, you have included elaborate examples giving fact situations for hypo- thetical city "A':and hypothetical district "B". The various details of these examples are not here repeated and we note only the basic assumptions that you pose in the examples. The assumptions are all we need to consider in answering the ques- tions. In the case of hypothetical city "A", you assume that the Development Fund Manager believes that the city can issue tax bonds but that city bond counsel disagrees. In your hypo- thetical district "B", you assume that the Development Fund Manager has found that the entity can issue revenue bonds, but that the Water Quality Board wants to grant such district a direct loan. Questions ~7, 8, and 9 will be considered together. Question 7. Assuming the Joint Rules of the Water Quality Board and the Water Development Board are silent on the subject and Subchapter G of Arti- cle 7621d-1 is the only applicable statute, are City A and District B eligible for a direct loan? Question 8. Under Subchapter G of Article 7621d-1 and the Joint Rules, are City A and District B eligible for a direct loan? -5241- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 15. Question 9. What is the responsibility and authority of the Water Develop- ment Board in the two fact situ- ations considering the provision of Section 7.10(b) which requires the agreement of the Water Develop- ment Board to the period of time and terms and conditions of a "direct loan"? In regard to Questions 7, 8 and 9, we cannot make the assumptions called for in Question 7. To answer any question it is necessary to consider Article III, Section 49-c, 49-d and 49&d-1 of the Texas Constitution, together with any related statutes such as Chapter 11 of the Texas Water Code (formerly Art. 8280-g) and Chapter 21 thereof (formerly Art. 7621d-1). These constitutional provisions and the laws relating to Texas Water Development Board and Texas Water Quality Board are to be read in pari materia so as to harmonize both chapters of the Water Code with each other and with the Texas Constitution. Turning to the Questions 7, 8 and 9, there is a mixed question of fact and of law as to whether any applicant for a "direct loan" is unable to issue bonds. As stated earlier, any Texas Water Quality Board determination of this matter would be appealable and would be reviewable by a Dis- trict Court. Section 21.451, Texas Water Code. A favorable decision toward applicant by Texas Water Quality Board would still be subject to Texas Water Development Board review and the decision of this latter agency is final. There is no appeal since the applicant would have no vested right simply by making the application for a loan. Richardson vs. Alsup and authorities cited supra herein. In both examples, (City "A" and Water District "B"), we are not advised as to whether the Texas Water Development Board has followed the advice of the Development Fund Manager. If so, Texas Water Quality Board would be bound by the Develop- ment Board findings that bonds could not be issued. If not, the Development Fund Manager's comments would be only advisory to Texas Water Quality Board and such would be considered like any other evidence by Texas Water Development Board when it considered the matter of a loan to a political subdivision -5242- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 16. after a favorable Water Quality Board finding had been made. A Water Quality Board finding adverse to app~licant for a "direct loan" under Section 21.610, Texas Water Code, would end the matter unless there was an appeal to court; even then, Texas Water Development Board would still have the final deci- sion as to the eligibility of applicant for a "direct loan". To hold otherwise would strip the Texas Water Development Board of its constitutional powers to manage, safeguard and administer the Texas Water Development Fund. 11 Am.Jur., Constitutional Law, Sec. 194, page 897; 12 Tex.Jur.Zd, Const. Law, Sec. 13, page 361; Houchins vs. Plainos, 130 Tex. 413, 110 S.w.2d 549 (1937). The Legislature cannot act to deprive the Water Development Board of its duties for this has not been taken away by the terms of Article III, Section 49-d-l.. It is evi- dent that the Legislature in its enabling legislation recog- nized the need for the Texas Water Development Board to ad- minister the fund on a loan basis rather than as a grant of money without repayment thereof. Section 11.401, et seq., Texas Water Code; Tex. Const., Art. III, Sec. 49-c, 49-d and 49-d-l and Subchapter I, (Sections 21.601 - 21.6121, Texas Water Code. This opinion does not seek to decide any question of eligibility as to City "A" and District "B" other than to advise as to what agencies shall make the decisions. Such a decision, beyond showing the need for approval by both agen- cies, must remain for consideration by bond counsel or by the Attorney General under the facts of each specific case. Finally, we dispose of your last question. Question 10. What information should be sub- mitted to the Attorney General to obtain his approval that a loan agreement is lawful and that the payments required can be made ' from the sources pledged? Section 21.610(e) provides for a review of any "direct loan" agreement before it is consummated; the Section reads as follows: -5243- . Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. page 17. "(e) Each loan agreement executed pur- suant to this Act, and the-appropriate pro- ceedings authorizing, its execution, shall be submitted to the attorney general for exami- nation before the delivery of the money to the political subdivision. If he finds that the loan agreement has been authorized and executed in accordance with the law, that the provisions are valid, and that the political subdivision has demonstrated to his reasonable satisfaction that the payments required by the agreement can be made from the sources pledge, he may.approve the agreement." If bonds were issued, a bond transcript would contain among other documents all charters, resolutions, orders, elec- tion results, State agency approvals, etc., necessary to show the authority of the issuer and the legal validity of the bonds. Such information would also be required by the Attorney General as to a direct loan transaction. Generally this would include a transcript showing authority of the applicant to enter into contract with the State of Texas, any election results if such were needed to authorize the contract, authority for any contract provisions, and a. repayment schedule demonstrating to the satisfaction of the Attorney General "that the payments required by the agreement can be made from the sources pledged". This repayment schedule would normally be prepared by the bank- ing experts at Texas Water Development Board, for such would be an integral part of any determination by the constitutional agency of the State that the business transaction is a reason- able one for the State to enter upon. As a general rule of policy, the Attorney General does not look beyond the findings of fact made by political subdivisions or state agencies, except where he has actual notice that such findings are either erroneous or fraudulent. The code provision permitting direct loans, where :- ...a political subdivision in the judgment of the board is unable to issue bonds or other obligations....", could be the source of considerable confusion and difficulty in ob- taining the Attorney General's approval for such contracts. Such a finding relating to a small remote town or political -5244- Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis Page 18. subdivision, could on its face represent a reasonable appli- cation of the board's discretion, whereas a like finding re- lating to one of the State's major cities might be manifestly absurd, indicating an abuse of board discretion on its face. It would appear therefore, that some policy deci- sion will have to be made regarding what the Attorney General may require by way of documentation as to a political subdivi- sion's inability to issue bonds or other obligations if and when such direct loan agreements are submitted for his approval. Without formulating a policy decision in this opinion, it would seem obvious that one simple way to demonstrate inability to obtain conventional financing would be a showing by the political subdivision that it has attempted a good faith com- petitive sale of its securities and received no bids therefor. S U M M A,R Y Any financial assistance by~the State for construction of waste water treatment facilities under Subchapter I (Sections 21.601, et seq.), Texas Water Code, must be approved by both the Texas Water Quality Board_iand the Texas Water Development Board. Supervision of the lending procedures where a direct loan procedure is pursued pursuant to Section 21.610, Texas Water Code, will require additional approval by the Attorney General and this will consist of the usual matters contained in a bond transcript. Disapproval of an applicant for fi- nancial assistance by the Texas Water Qua- lity Board forecloses any loan or contract under Subchapter I, Texas Water Code, by the Texas Water Development Board. Water Quality Board approval is not conclusive on the Water Development Board decision as to such application for a loan. -5245- . Honorable Harry P. Burleigh (M-1069) Honorable Hugh C. Yantis, Jr. Page 19. The present statute does not cover a "grant" and only loans presently can be made. very truly, Prepared by Roger Tyler Assistant Attorney General APPROVED: OPINION COMMITTEE Kerns Taylor, Chairman w. E. Allen, Co-Chairman ,: Joseph Sharpley ,, J. C. Davis Houghton Brownlee Lynn Taylor SAMUEL D. MCDANIEL Staff Legal Assistant ALFRED WALKER Executive Assistant NOLA WHITE First Assistant . -5246-