| Issue Date: | 2024-01-01 |
|---|---|
| Revised Date: |
Legal Cites
- Water Code sec. 15.152, sec. 15.153
Origin:
S.B. 28, 88th Leg., R.S., effective January 1, 2024
Purpose
Created in the state treasury and administered by the Texas Water Development Board. The fund consists of transfers, appropriations, interest and investment earnings, gifts, grants, donations, and other revenue deposited to the fund as authorized by law.
Used to finance projects that will lead to seven million acre-feet of new water supplies by December 31, 2033. The fund is used to provide financial assistance to political subdivisions to develop water supply projects that create new water sources. Transfers from the fund can be made to Fund 0361 - State Water Implementation, Fund 0371 - Texas Water Development Fund II, and Fund 0480 - Water Assistance.
At least 25% of the amount initially appropriated to Fund 0484 - Texas Water Fund must be transferred to Fund 0485.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Retained in fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
USAS Values
| USAS Title | NEW WATER SUPPLY FOR TEXAS FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |