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Monday, 17 October 2011 12:56

The Facts on Proposition 2 (TWDB Financing)

prop2Early voting starts next week!  Interested in learning more about Proposition 2, the ballot initiative implementing SJR 4 from the 2011 Legislative Session?  Visit TWDB's Prop 2 Information Page or Texas Infrastructure Now for detailed information. 

To summarize, the proposition, if approved, will allow TWDB to provide additional funding opportunities for local water infrastructure projects in Texas.  It does not create state debt and is self-supporting, meaning the bonds would be issued only to provide funding requested by local communities, and then the entity benefiting from the projects will repay the loans, and thus the bonds. This initiative passed the Legislature with overwhelming bipartisan support.

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