Texas voters Tuesday approved a $2 billion infusion of state cash into a revolving loan fund for water infrastructure projects that will launch long-pending projects into reality and jump-start a flurry of development.

Proposition 6 funds execute the landmark bipartisan water plan passed in May that creates the State Water Implementation Fund for Texas, or SWIFT, which will provide direct loans and credit enhancements to finance key infrastructure projects as part of the state’s 50-year plan designed to keep the water flowing. To read more, including input from Gray Reed's Jeff Leach, click here.