State Officials To Vote On Water Funding Rules
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LUBBOCK (AP) - Texas officials are poised to consider final rules for implementing the state's water funding plan.
Members of the Texas Water Development Board will vote on the proposed rules Thursday in Austin.
Voters last year approved using $2 billion from the Rainy Day Fund to finance projects in the state water plan, and lawmakers have said that money would multiply through interest earnings and revenue bonds. It could grow to $27 billion over 50 years.
The water plan calls for more than 3,000 projects and strategies to provide additional water. More than a third would come from conservation and reuse, 17 percent from new reservoirs, 34 percent from other surface supplies and 15 percent from other sources.
Texans needs an additional 2.7 trillion gallons of water by 2060.
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