We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Texas Voters OK Creation Of $2B Water Infrastructure Fund

Law360, Dallas (November 5, 2013, 10:53 PM EST) -- Texas voters on Tuesday overwhelmingly approved creation of a $2 billion revolving loan fund that will support water infrastructure projects across the state, in a win for both environmental and industry groups that have raised warning sirens about looming water scarcity in the state.

Prop 6 passed by about 73 percent to 27 percent, with 99 percent of precincts reporting. The measure sets the stage for creation of the State Water Implementation Fund for Texas, or SWIFT, which will provide direct loans and credit enhancements to...
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.