The board shall adopt rules necessary to carry out this subchapter, including rules:

1. (1) that establish procedures for an application for and for the award of financial assistance;
2. (2) for the investment of money; and
3. (3) for the administration of the infrastructure fund.

Added by Acts 2019, 86th Leg., R.S., Ch. 947 (S.B. 7), Sec. 2.01, eff. January 1, 2020.