The constitutional amendment providing for the creation of the State Water Implementation Fund for Texas and the State Water Implementation Revenue Fund for Texas to assist in the financing of priority projects in the state water plan to ensure the availability of adequate water resources has been approved by voters.
Water News of Texas was the first on Twitter to report early numbers for the 2013 Proposition 6 results.
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As the loans with favorable interest are repaid, new loans are provided for additional water projects, creating a revolving low-interest loan program that can leverage the $2 billion into $30 billion over the next 50 years.
We can save a significant amount of money for all of the individuals that are paying water bills that are financing this project to make sure they have water for their children and grandchildren