The bill is designed to ensure that funds intended for floodplain management are adequately allocated and utilized. It mandates a reallocation of $3.05 million from maintenance taxes collected to the new floodplain management fund each fiscal year. This funding mechanism not only guarantees a sustained financial source for floodplain management but also signifies a commitment from the state to invest in flood risk mitigation measures. The reformation of the fund is anticipated to streamline the oversight and effectiveness of floodplain management programs.
Summary
SB1288 focuses on the floodplain management account in Texas, aiming to establish a special fund in the state treasury dedicated to floodplain management activities. This fund will include resources such as maintenance taxes collected under specific provisions of the Insurance Code and revenues directly appropriated to the Texas Water Board. By creating a more structured financial framework, the bill seeks to enhance the management and administration of floodplain-related projects across the state.
Contention
Notable points of contention may arise around the implications of the fund’s management and the source of its revenue. Stakeholders could debate the effectiveness of using maintenance tax reallocations as a primary funding source and whether this measure adequately addresses the growing concerns of flood management in Texas. Critics may voice concerns about the sufficiency of the funding and advocate for more extensive financial support or broader funding initiatives that do not rely solely on maintenance taxes.
Additional_notes
The bill emphasizes the need for a coherent framework for floodplain management, reflecting a proactive approach to mitigating flood-related risks. However, the proposed changes may evoke discussions regarding local governance and resource allocation, ultimately impacting how floodplain management policies are implemented at the community level.
Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.
Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.
Relating to the funding of projects by the Public Utility Commission of Texas to promote the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.