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Relating to financial assistance provided to political subdivisions by the Texas Water Development Board for nature-based water quality enhancement projects.
Estimated Two-year Net Impact to General Revenue Related Funds for HB2350, Committee Report 1st House, Substituted : a negative impact of ($985,945) through the biennium ending August 31, 2023.The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
HB 2350 would create a new Water Resources Restoration Program to allow a state revolving fund established under the Water Code to be used to provide financial assistance for local nature-based water quality enhancement projects.
Texas Action opposes HB 2350 which would expand the scope and cost of government. Local nature-based water quality enhancement projects should be funded locally.