A Review of The Water Development Board's 2003 Fee Structure for the State Participation Program
August 2003
Report Number 03-050
Overall Conclusion
The fee that the Texas Water Development Board (Board) charges political subdivisions for participating in the State Participation Program (Program) has not been sufficient to recover the costs of administering the Program. We project that over the next five years the Board will spend approximately $240,000 in General Revenue funds to subsidize the Program. This money cannot be recouped because the Board cannot retroactively increase the fee on previously committed projects. Over the expected term of the existing financial agreements, this subsidy will exceed $500,000. Through the Program, the Board issues bonds and uses the proceeds to buy an ownership interest in regional water projects. Over time, the local or regional participants repurchase the Board's interest.
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