FOR IMMEDIATE RELEASE
April 26, 2011
(512) 463-0120 office
(Austin, TX) — Last week, the Senate Committee on Finance approved Senator Juan "Chuy" Hinojosa's Senate Joint Resolution 4, which is a product of the Sunset Advisory Commission's recommendations on the Texas Water Development Board's (TWDB) ability to issue bonds to help jurisdictions finance their water infrastructure projects. Senator Juan "Chuy" Hinojosa released the following statement.
"Increasing the bonding authority of the TWDB would make it possible for more cities and counties to adequately plan and finance their water infrastructure projects at a lower cost than what would be possible otherwise.
"We can't underestimate the economic impact of investing in infrastructure can have in our growing communities. The growth demand in Texas is increasing, and we need a better way to fund our wastewater treatment plans, flood control projects and water conservation plans to help communities develop sustainably.
"This bonding authority would help us fund the infrastructure needs of today and tomorrow, and we are giving Texans an opportunity to decide whether or not we should create financing tools for our future generations."