Hope springs eternal with water amendment
October 18, 2013, 9:00 am by Alexandria Randolph
An amendment to the Texas Constitution that would help finance loans for water conservation projects has received support from local political representatives and state organizations.
Amendment sponsor State. Sen. Troy Fraser, R-Horseshoe Bay, said Proposition 6 would draw $2 million from the Texas Economic Stabilization Fund, also called the Rainy Day Fund, to finance loans for projects ranging from desalinization systems for large entities to rainwater collection systems.
"It would act as a revolving fund. We will loan that money out and people will pay it back. It’s not going to be spent,” Fraser said.
That transfer of $2 billion rankles some opponents of the amendment who contend the money should come from the state’s general fund.
Fraser, a Senate sponsor of the bill, said the amendment
provides funding for the Statewide Water Plan, which was passed in 1997.
For more on this story, see Friday's Highlander.
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