Explained: Proposition 2 on $200M in water/wastewater bonds
Proposition 2 allows the Texas Water Development Board to issue up to $200M dollars in bonds for water and wastewater projects in poor areas across the state.
The board's Economically Distressed Areas Program offers low interest loans to communities that can't afford to pay for the projects they desperately need on their own.
Typically, cities have to match a certain amount of money to get the loan.
The Rural Communities Assistance Partnership, a national organization, estimates more than 100 Texas communities lack basic water and wastewater services, and residents in those communities have documented health issues because of it.
Hundreds of others have the infrastructure but it they may not all be up to code.
This proposition is well supported in the Texas legislature however, some argue the money to support this program should come from the general fund and not from bonds.
A vote yes allows the texas water development board to issue up to $200M dollars in bonds for water and wastewater projects in poor areas across the state.
A vote no prevents it.