The San Angelo City Council today approved a resolution from the city's Development Corporation supporting Proposition 2, a proposed Texas constitutional amendment providing for water financial assistance bonds. The proposition will appear on the November 2012 ballot. The city says it would authorize the Texas Water Development Board to issue new bonds to raise funds for the Texas Water Development Fund, with the restriction that the total amount of bonds outstanding at any time does not exceed $6 billion. The state's water planning agency is providing a $120 million, low-interest loan to San Angelo to finance the Hickory Aquifer water supply project.
No comments:
Post a Comment