Prior to release of funds, a nonprofit water supply or sewer service corporation must submit an executed Deed of Trust in the form provided by the executive administrator and must submit a policy of title insurance, written to the benefit of the board, which is acceptable in form and substance to the executive administrator.

Source Note: The provisions of this §384.42 adopted to be effective January 1, 2002, 26 TexReg 11031; amended to be effective November 30, 2011, 36 TexReg 8036