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.

The bill also specifies that the bonds are authorized under Article III of the Texas Constitution. The new provisions will take effect on September 1, 2025, thereby providing the board with greater financial capacity to support essential infrastructure projects in areas facing economic challenges.

Statutes affected:
Introduced: Water Code 17.0112 (Water Code 17)