| TO: | Honorable Kip Averitt, Chair, Senate Committee on Natural Resources |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | SB2314 by Averitt (Relating to the administration of the Clean Water State Revolving Fund and the Drinking Water State Revolving Fund.), As Introduced |
The bill would amend the Water Code to require the Water Development Board (TWDB) to adopt rules specifying the manner in which any capitalization grant under the State Water Pollution Control Revolving Fund, the Safe Drinking Water Revolving Fund, or any additional state revolving fund, may be used to provide financial assistance to an eligible applicant. The bill would also authorize TWDB to expeditiously adopt rules to comply with the terms of a capitalization grant or other source of federal funding.
TWDB indicates that any costs associated with the bill could be absorbed within the agency's existing resources.
The bill would take effect immediately if it receives a vote of two-thirds of all members elected to each house; otherwise it would take effect September 1, 2009.
| Source Agencies: | 580 Water Development Board, 582 Commission on Environmental Quality
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| LBB Staff: | JOB, AH, SD
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