Texas Lawmaker Requests $2B Fund To Pay For Water Projects

Law360, Houston (January 10, 2013, 8:27 PM EST) -- The chairman of the Texas House Natural Resources Committee on Thursday proposed a pair of bills authorizing the state — which is in the midst of a prolonged drought — to steer $2 billion toward financing projects necessary to meet future water needs.

Authored by Rep. Allan Ritter, R-Nederland, HB 4 and HB 11 would make a one-time allocation of $2 billion from the state's Economic Stabilization Fund — also known as the Rainy Day Fund — to capitalize a new, dedicated revolving fund for use...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.