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HB 280, if passed, would modify the Water Code (Section
15.440) by requiring the Texas Water Development Board to require additional
information on its website as related to the state water implementation fund
(SWIFT). Currently the only information required are the expected due date and
the status of a given project.
For each regional planning area the Board would be required
to list the status of loan repayment, the check register for the project, a description
of the investment portfolio, the expenses incurred, the rate of return on
investment, a description of the point system used, any nonconfidential
financial assistance information, administrative operating expenses, and any
other information required by board rule.
5/9/15 Update: This legislation as reported to the Senate floor has not been amended since we originally supported it in the House. Our support remains. The second chamber sponsor is Senator Perry.
Original House Recommendation Below:
HB 280 is a good bill in that it would increase government
transparency and accountability. Increasing the amount of information available
to the public regarding SWIFT can only help increase accountability. As such we
support HB 280.