5 Consider adoption of resolution requesting financial assistance from the Texas Water Development Board and Contractor’s Act of Assurance Resolution for the Authority’s Carrizo System Expansion projects; authorizing the filing of an application for assistance; and making certain findings in connection herewith.  Mr. Sherman asked for confirmation that each entity must approve the funding resolutions before debt is issued.  Mr. Moore responded that this is correct and that this typically occur

Staff Report & Agenda Item Details

5 Consider adoption of resolution requesting financial assistance from the Texas Water Development Board and Contractor’s Act of Assurance Resolution for the Authority’s Carrizo System Expansion projects; authorizing the filing of an application for assistance; and making certain findings in connection herewith.  Mr. Sherman asked for confirmation that each entity must approve the funding resolutions before debt is issued.  Mr. Moore responded that this is correct and that this typically occurs in October.  Mr. Pantalion noted a typographical error in the resolution requesting financial assistance.  Motion to approve the resolutions requesting financial assistance from the TWDB and Contractor’s Act of Assurance for the Authority’s Carrizo System Expansion projects was made by Ms. Scheel, seconded by Mr. Kite and approved on a 10-0 vote.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.8/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.