Texas has taken some steps since Kelo in moving toward protecting its citizens from eminent domain abuse. However, the veto of HB 2006 and the failure to pass HB 3057 last session have left much to be done in restoring Texans’ property rights.
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...