Texas voters will decide on nine constitutional amendments Tuesday, including a billion-dollar plan to fund the state’s water projects for the next 50 years. Arguably the biggest item on the Nov. 5 ballot, Proposition 6 would create the State Water Implementation Fund for Texas (SWIFT). The initial $2 billion drawn from the state’s Rainy Day Fund would become part of a revolving fund making low-interest loans for water infrastructure, conservation and reservoir projects. The Texas Water Development Board, which Gov. Rick Perry revamped earlier this year, would oversee the allocation of SWIFT dollars. Lawmakers proposed using the Rainy Day Fund because it’s flush with cash from severance taxes paid by the booming oil and gas industry.

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