Sec. 16.347. REQUIREMENT OF IMPOSITION OF DISTRESSED AREAS WATER FINANCING FEE. (a) In this section: (1) "Distressed areas water financing fee" means a fee imposed by a political subdivision on undeveloped property. (2) "Undeveloped property" means a tract, lot, or reserve in an area in a political subdivision to be served by water supply or sewer services financed in whole or in part with financial assistance from the board under Subchapter K , Chapter 17 , of this code for which a plat has been filed under Subchapter A , Chapter 212 , or Chapter 232 , Local Government Code. (b) The board may require, as a condition for granting an application for financial assistance under Subchapter K , Chapter 17 , of this code to a political subdivision in which a plat is required to be filed under Subchapter A , Chapter 212 , or Chapter 232 , Local Government Code, that the applicant impose a distressed areas water financing fee on undeveloped property in the political subdivision if the board determines that imposition of the fee would: (1) reduce the amount of any financial assistance that the board may provide to accomplish the purposes of the political subdivision under the application; or (2) assist the political subdivision to more effectively retire any debt undertaken by the political subdivision in connection with financial assistance made available by the board to the political subdivision.
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