Document issued by the Office of the Attorney General of Texas in Austin, Texas, providing an interpretation of Texas law. It provides the opinion of the Texas Attorney General, Waggoner Carr, regarding a legal question submitted for clarification; Whether the Legislature may authorize the Water Development Board to extend loans to political subdivisions of the State for conserving and developing underground water or may guarantee bond issues of political subdivisions of the State issued to provide funds for use in developing and conserving underground waters.