(a) Pursuant to Section 17.0871 and notwithstanding any other provision of this chapter, the board may sell to the Texas Water Resources Finance Authority any loans or bonds of borrower districts or lender districts purchased with money in the fund and may apply the proceeds of the sale in the manner provided by Section 17.0871.
(b) The board shall sell the loans or bonds of political subdivisions at the price and under the terms that it determines to be reasonable.
Official text of the Texas Water Code as published by the Texas Legislative Council.