Texas Officials Approve Water Funding Rules
Texas officials have approved final rules for implementing the state's $2 billion plan for water projects.
Members of the Texas Water Development Board unanimously approved the rules Thursday in Austin.
Water providers can now apply for funds.
Voters statewide last year approved using $2 billion from the rainy day fund to finance projects in the 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 by 2060.
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