The city council in Corpus Christi, Texas, passed a resolution establishing its intent to use proceeds from the future issuance of up to $410 million of water revenue bonds to reimburse cash-on-hand expenditures for water supply projects that will treat brackish water and tap groundwater. The city is facing a looming water crisis due to drought conditions and depleting reservoirs, prompting the need for new water sources.

Source: Corpus Christi Taps Future Bonds to Fund Water Projects – Corpus Christi Today