Bill > HB365

This bill modifies the Texas Water Development Board's authority to provide financial assistance from the economically distressed areas account by increasing the maximum percentage of state-issued bonds that can be provided as non-repayable financial assistance from 70% to 90%. Specifically, the bill amends Section 17.933(c) of the Water Code to allow the board to provide up to 90 percent of the total principal amount of issued and unissued bonds authorized under Article III of the Texas Constitution as financial assistance that does not require repayment. This change effectively increases the board's flexibility in providing financial support to political subdivisions for water-related infrastructure and development projects in economically disadvantaged areas. The bill is set to take effect on September 1, 2025, giving state agencies and local governments time to prepare for the expanded financial assistance options.

Agriculture and Natural Resources

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB365