The bill, H.B. No. 422, proposes amendments to the Texas Water Code regarding the issuance of bonds by the Texas Water Development Board specifically for projects in economically distressed areas. The key change allows the board to issue up to $100 million in bonds during a fiscal year, an increase from the previous limit of $25 million. This financial assistance is aimed at enhancing water supply and sewer services as outlined in Subchapter K of the Water Code.

Additionally, the bill removes the previous stipulation that bonds be dedicated under Section 17.0111 and eliminates the prior cap of $50 million on bond issuance. The new provisions are set to take effect on September 1, 2025, reflecting a significant increase in funding potential for water-related projects in areas facing economic challenges.

Statutes affected:
Introduced: Water Code 17.0112 (Water Code 17)
House Committee Report: Water Code 17.0112 (Water Code 17)
Engrossed: Water Code 17.0112 (Water Code 17)