The Southwestern Historical Quarterly, Volume 70, July 1966 - April, 1967 Page: 64
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Southwestern Historical Quarterly
That amount could be increased to $200,000,000 upon a two-
thirds vote of the legislature at some future date. The bonds are
negotiable instruments backed by the full credit of the state.
The proceeds from the state bond sales are placed in the Texas
Water Development Fund and are used to, purchase bonds or
other securities issued for water control and development pur-
poses by local political subdivisions such as cities, river authori-
ties, or water districts. For any single project the maximum
amount of local bonds which the board may purchase is an
amount equal to one-third of the total cost of the project or
$5,000,000, whichever is smaller.
Texas' long history of water resources management has been
an evolutionary development to solve problems as they arose.
In recent years, the nature of the water problem has been greatly
altered. Mammoth increases in water consumption, rapid changes
in technology, and a growing competition for scarce water re-
sources have emphasized the interrelatedness of water programs
and uses. Furthermore, what were formerly local water prob-
lems have increasingly taken on state-wide and even national
significance. Thus the state and national governments have been
called upon to assume new and larger roles in the conservation,
management, and development of those resources. Many new
patterns of joint federal-state-local action have been developed
to help solve such problems. The present administrative pat-
tern for water resources in Texas is basically one of intergov-
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 70, July 1966 - April, 1967, periodical, 1967; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101199/m1/82/: accessed August 22, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.