Texas Representative Allan Ritter (R-Netherland) recently introduced HB 4 and HB 11 to finance the Texas Water Plan through a one-time $2 billion capitalization of a dedicated revolving fund.  The legislation will also address the fund’s management and operation.  This post discusses two key aspects of revolving funds that will shape how far the Texas Water Development Board (“TWDB”) can stretch the $2 billion capitalization to meet Texas’s financing needs: Continue reading →