House Bill No. 365 amends the Texas Water Code to increase the limit on financial assistance that the Texas Water Development Board can provide to political subdivisions from the economically distressed areas account. Specifically, the bill raises the cap on the total amount of financial assistance that does not require repayment from 70 percent to 90 percent of the total principal amount of issued and unissued bonds authorized under Article III of the Texas Constitution, along with any outstanding interest on those bonds.

This change aims to enhance the financial support available for projects in economically distressed areas, thereby facilitating improved water infrastructure and services. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Water Code 17.933 (Water Code 17)