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Many organizations have signed on as a supporter of the bill, including Texas Alliance of Energy Producers and other statewide oil and gas associations, real estate groups, electric cooperatives and companies, chambers of commerce and chemical association.
the funds lent through SWIFT must be repaid and made available for future local and regional water projects.
As introduced, the bills would take $2 billion from the Rainy Day Fund to create the State Water Implementation Fund for Texas (SWIFT). SWIFT will act as a water infrastructure bank that operates as a revolving account for financing projects included in the State Water Plan.
If passed, this will be the Lv Mens Backpack first time any money has been spent out of the Rainy Day Fund. This is a well, thought out plan that is needed as soon as possible.
The board shall prioritize projects included in the state water plan for the purpose of providing financial assistance to projects. The board shall give the highest priority to projects that will serve a large Mini Louis Vuitton Crossbody
Also, there is an advisory committee to SWIFT, composed of the state comptroller, three senators appointed by the lieutenant governor and three representatives appointed by the speaker. The committee shall review the overall operation, function, and structure of the fund at least semiannually and my provide comments and recommendations to the board.
The initial $2 billion just gets the ball rolling. This seed money would be for loans that would be re paid and would continually replenish the fund. Some estimate that the total cost could be $27 billion over the next 50 years with another $27 billion from matching local funds.
population. Next in priority is providing assistance to a diverse urban and Vuitton Luggage Tag
SWIFT would provide support through state financing assistance to locally identified water projects. The bills require that Louis Vuitton Sunglasses Men 2018
The bill provides for the creation of regional water planning groups that will decide which projects are needed, the feasibility of the projects, the sustainability of the project and the cost effectiveness of the project.
even booming oil and gas industry dries up
rural population. Also, the board may consider the amount of funding coming from local contributions and the ability of the applicant to repay the financial assistance.
The key bill is HB 4, introduced by SB 4 by Senate Natural Resources Committee chairman Troy Fraser (R Horseshoe Bay), who represents Abilene and a portion of the Big Country. Sen. Fraser bill also would change the governing structure of the Texas Water Development Board.
The regional board shall create a stakeholders committee to establish uniform standards to be used by the planning groups.
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