AUSTIN (Nexstar) -- Texas voters approved a generational investment into water infrastructure Tuesday night after approving an additional $20 billion for the Texas Water Fund over the next two decades. However, the Texas Water Development Board (TWDB), which manages the fund, said the money will not be available until fall 2029.

The initiative was placed on the ballot as Proposition 4. More than 70% of the vote, a little more than 2 million people, gave the thumbs up to move forward with the investment. The money will be used to improve aging water infrastructure across the state and help fund new sources of water as the state population continues to grow.

"Texas is facing more than $200 billion in wastewater and flood infrastructure needs in the next 50 years," Sarah Kirkle, the directo

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