Texas Passes Water Finance Plan, But Still Needs $2B Funding

Law360, Dallas (May 21, 2013, 7:58 PM EDT) -- The Texas Legislature on Monday signed off on a revised plan to create a potential $2 billion fund to provide loans and bonds for major water infrastructure projects, but lawmakers are still awaiting votes on two key measures that would actually allocate money for the fund.

H.B. 4 creates the framework for The State Water Implementation Fund for Texas, or SWIFT, intended to serve as a water infrastructure bank available for low-interest long-term loans or to buy bonds to finance key projects that would increase the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.