Explained: Proposition 8 on Flood Infrastructure Fund
Proposition 8 would create a Flood Infrastructure Fund for prevention projects across the state.
This is a fund that the Texas Water Development Board could use to finance projects following a disaster.
This is a fund outside of the General Revenue Fund that would be created using money from the state's Rainy Day Fund.
It aims to provide money to local governments through loans and grants
According to the League of Women Voters of Texas, supporters say local governments applying for federal funds and grants often have to match those funds.
Following a disaster, that's tough.
The FIF can help the local government match those federal funds.
Opponents say using the "Rainy Day Fund" to establish the flood infrastructure fund could be inappropriate because the cost of disaster response is not a one-time expense, but instead is on-going.
So a yes vote creates this flood infrastructure fund.
A vote no does not.