TX
Texas House Bill HB11

Texas 2013 - 83rd Regular

Texas House Bill HB11

Filed
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the appropriation of money from the economic stabilization fund to finance certain water-related projects.

Impact

If passed, the bill would significantly impact the management and availability of water resources in Texas. It would enable the Texas Water Development Board to access substantial funds for enhancement and implementation projects aimed at improving water supply and management throughout the state. This funding is crucial for addressing the pressing challenges related to water scarcity and ensuring sustainable water solutions for Texas residents.

Summary

House Bill 11 aims to appropriate $2 billion from the Economic Stabilization Fund to finance certain water-related projects in Texas. This funding is intended for deposit into the state water implementation fund, which will be under the management of the Texas Treasury Safekeeping Trust Company. The primary goal of this bill is to enhance water-related infrastructure and provide necessary financial support for the state's water development initiatives.

Contention

Debate surrounding HB 11 may likely arise concerning the implications of drawing such a large amount from the Economic Stabilization Fund, especially regarding its long-term effects on the state’s financial reserves. There could be discussions on whether such an appropriation is the best use of state funds, considering other pressing needs, and whether the benefits of improved water infrastructure outweigh the potential risks of depleting the stabilization fund. Additionally, the requirement for a two-thirds majority vote highlights the contentious nature of the budgetary decision-making process involved in handling state finances.

Companion Bills

No companion bills found.

Previously Filed As

TX HB5227

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the Texas legacy fund, and the state highway fund and to the management and investment of the economic stabilization fund, the Texas legacy fund, and the Texas legacy distribution fund.

TX HB1392

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.

TX HJR1

Proposing a constitutional amendment creating the state school safety fund to provide ongoing financial support for projects that ensure the safety of public schools in this state and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX HB4299

Relating to the provision of financial assistance by the Texas Water Development Board for the development of certain projects in economically distressed areas.

TX SB2234

Relating to the provision of financial assistance by the Texas Water Development Board for the development of certain projects in economically distressed areas.

TX SB1823

Relating to the provision by the Texas Water Development Board of financial assistance for the development of residential drainage projects in economically distressed areas.

TX HJR27

Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX SJR56

Proposing a constitutional amendment to raise the maximum allowable amount of money in the economic stabilization fund.

TX HB973

Relating to the creation and uses of the critical infrastructure resiliency fund and the eligibility of certain water-related projects for state financial assistance.

TX SB225

Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating certain constitutional transfers of money to that fund and the state highway fund.

Similar Bills

No similar bills found.