Also included in House Bill 2 are important changes in the definition of water supply corporations, which would make them eligible to receive state funding. At the same time, TRWA is currently in court to argue whether or not rural water supply districts should have to pay ad valorem property taxes. If House Bill 2 passes and TRWA wins its lawsuit, existing water supply corporations could receive many of the benefits outlined in HB 181 without going through the conversion process. The only advantage of converting into an SUD under those circumstances would be an exemption from safes tax. The Institute is supported in part by the U.S. Department of the Interior.
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