Texas Senate Bill SB4

Texas 2013 - 83rd Regular

Caption

Relating to the administration and functions of the Texas Water Development Board; authorizing the issuance of revenue bonds.

Impact

The bill's provisions may significantly affect state laws by streamlining the processes for funding water-related projects through various financial assistance programs. By allowing the board to issue revenue bonds and establish a state water implementation fund, the legislation broadens the financial scope available for water infrastructure development in Texas. This is expected to provide a more stable source of funding, thereby supporting infrastructure development in rural and economically distressed regions.

Summary

SB4 focuses on the administration and functions of the Texas Water Development Board, aiming to enhance its capabilities, particularly around financial mechanisms like the issuance of revenue bonds. This legislation includes amending existing sections of the Water Code, thereby redefining the structure, responsibilities, and operational protocols of the board. The bill specifically highlights the role of finance, engineering, and legal expertise among board members, emphasizing a diversified approach to governance within the agency.

Contention

There are notable points of potential contention surrounding SB4, primarily regarding the board’s authority to select political subdivisions for financial assistance without extensive legislative oversight. Critics may argue that this could lead to favoritism or a lack of equitable distribution of resources across communities. Additionally, the emphasis on financial assistance and revenue generation can raise concerns about the implications for local governments and smaller communities that may struggle to compete for funding, emphasizing the need for transparency and fairness in the allocation of these new resources.