Texas voters on Nov. 5 overwhelmingly approved a constitutional amendment that will create a state water development bank to help address water shortages over the next half-century.
The PROPOSITION 6
amendment will set up a state revolving loan program and will dedicate a one-time investment of $2 billion to capitalize the loan program. The proposal had the support of 73% of those voting. It was backed by leaders from across the state which has faced lingering and wide spread drought conditions in recent years. [Read More]