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House Bill 3861 |
House Author: Hopson et al. |
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Effective: 6-19-09 |
Senate Sponsor: Nichols |
House Bill 3861 authorizes the Texas Water Development Board, in making any statutory finding on the reasonable expectation that the state will recover its investment for completing the financing of the Lake Columbia reservoir project, to take into account any revenue reasonably expected to be received from a political subdivision not currently under contract with the Angelina and Neches River Authority to participate in paying the costs of the site acquisition stage of the project, or a political subdivision not currently under contract to purchase a portion of the water to be supplied by the project. The board is not required to identify a political subdivision from which revenue is reasonably expected to be received at the time the board makes such a finding.