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House Bill 1052 |
House Author: Larson et al. |
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Effective: 9-1-19 |
Senate Sponsor: Perry |
House Bill 1052, the Texas State Water Investment Fund Act, amends the Water Code to require the Texas Water Development Board (TWDB) to identify, establish selection criteria for, and issue a request for proposals for water supply projects that benefit multiple water planning regions and that are to be funded from the Texas Water Development Fund II state participation account. The bill provides for the creation of the state participation account II, a subaccount in the state participation account, to be used by the TWDB to provide financial assistance for the development of a desalination or aquifer storage and recovery facility to meet existing or projected future water needs by acquiring such a facility or an ownership interest in such a facility.