On February 21, the Energy Center partnered with the UT Office of Sustainability and the Center for Public Policy Dispute Resolution to host a workshop on a set-aside for conservation and reuse in Texas’ new water financing laws.
In November 2013, Texas voters by a roughly three-to-one margin approved Proposition 6, which amended the Texas Constitution and the Texas Water Code to create a new water infrastructure bank, the State Water Implementation Fund for Texas (SWIFT). SWIFT was capitalized with a $2 billion appropriation from the State’s Rainy Day Fund and is subject to a twenty percent set-aside – codified at § Texas Water Code 15.434(b)(2) – for conservation and reuse.
The legislature charged the Texas Water Development Board with responsibility for implementing and managing the new financing scheme. The workshop explored the issues and opportunities the agency will face.
For slides, audio, and a program from the event, please click here.