Atlanta, GA (AP) - The Senate has approved a proposal that would
allow local governments to contract with private firms to fund water infrastructure projects.
The Senate voted 49-1 in favor of the bill. Sen. Ross Tolleson, the bill's sponsor and chairman of the Senate Natural Resources Committee, says it offers another financing tool and emphasizes local control.
Governments and water authorities can already borrow money to build reservoirs and fund other projects, but Tolleson says it may be cheaper for some communities if a private investor can pay cash up front or has access to cheaper financing. Among the costliest projects would be a series of reservoirs and other water storage facilities that Deal wants to build in the hope of easing ongoing water feuds with neighboring Alabama and Florida.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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