Financing Water Supply and Wastewater Facilities in Low Income Areasby G. E. Sonny Kretzschmar, Texas Water Development Board, United States,
Abstract: The Texas Water Development Fund was created by amendment to the Texas Constitution in 1957 as a reaction to the droughts of the 1950's. Subsequent amendments to the Texas Constitution have increased the amount of Water Development Bonds authorized and expanded the type of projects eligible for financing. Projects for wastewater and flood control are now acceptable for financing and have received appropriate bond authorization. Another program, the State Participation Account, allows the Board to finance projects which anticipate growth, by initially purchasing a portion of the project and the borrower buying the state's portion in the future. These and other aspects of the subject are discussed.
Subject Headings: Water supply systems | Financing | Economic factors | Wastewater management | Water resources | Floods | Droughts | North America | Texas | United States
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