Seliger presented Senate Bill 224 -- which would fund a statewide water plan -- on Tuesday.
This bill would make $1.6 billion dollars from the economic stabilization fund available for use by the Texas Water Development Board.
The money would be used through a revolving loan to meet the state's obligation of $26.9 billion in 30 years, which would allow the T.W.D.B. to remove its debt from the constitutional debt limit.
In 50 years, the Lone Star State will be able to provide $40 billion in assistance to local water providers.