Issue Date: 2019-12-02
Revised Date:

Legal Cites

Origin:

H.J.R 4 and S.B. 7, 86th Leg., R.S. January 1, 2020.

Purpose

A fund in the state treasury outside the general revenue fund. May be administered and used, without further appropriation, by the Texas Water Development Board to provide financing for a drainage, flood mitigation, or flood control project. Uses include planning and design activities, obtaining regulatory approval to provide nonstructural and structural flood mitigation and drainage, and construction of flood mitigation and drainage infrastructure.

Money in the fund may be used to make grants or loans to eligible political subdivisions. The board may use the infrastructure fund only to provide financing for flood projects included in the state flood plan.

Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Deposited to Fund.
Disposition of Balance Accumulative
Appropriation Technique Appropriated by the Texas Constitution.

Administering Agencies

Note

H.J.R 4, 86th Leg., R.S. approved by voters 11/15/2019.

USAS Values

USAS Title FLOOD INFRASTRUCTURE FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.