The Water Development Board proposed to amend 31 Tex. Admin. Code §363.33, which governs interest rates in state participation projects. Changes would affect the way that interest rates are set. The proposal has been reviewed by legal counsel and found to be within the agency§s legal authority to adopt. The earliest date the amendment may take effect is July 4, 2010. http://www.sos.state.tx.us/texreg/pdf/backview/0604/index.shtml pp. 4614-16.