Bill > SB7

This bill: - Renames the "flood control planning contracts" section of the Water Code to "flood control planning" and expands the definition to include a broader range of flood-related activities like regulatory approvals, engineering plans, and structural/non-structural mitigation. - Creates the Flood Infrastructure Fund, which the Texas Water Development Board can use to provide loans, grants, and other financial assistance to eligible political subdivisions (such as districts, municipalities, and counties) for flood projects, including planning, design, permitting, construction, and nature-based solutions. The fund will be capitalized through legislative appropriations, bond proceeds, and other sources. - Creates the Texas Infrastructure Resiliency Fund, which has three accounts: the Floodplain Management Account for flood planning, mitigation, and public education; the Hurricane Harvey Account for providing grants and loans for flood projects related to Hurricane Harvey; and the Federal Matching Account for providing matching funds for federally-funded flood projects. - Requires state agencies that use or disburse federal money for flood projects to report quarterly on the status of that funding to the Texas Water Development Board. - Provides authority for water districts and other political subdivisions to participate in cooperative flood control planning in order to qualify for financial assistance from the new funds. - Authorizes the Texas Water Development Board to use revenue bonds to provide funding for flood projects, in addition to its existing water supply and treatment project financing authority.

Agriculture and Natural Resources

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=86R&Bill=SB7