Texas Water Development Board approves $1,290,350 in financial assistance to the Springs Hill Water Supply Corporation to finance water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (October 17, 2012) – The Texas Water Development Board (TWDB) today approved by resolution the amount of $1,290,350 to the Springs Hill Water Supply Corporation (Guadalupe and Wilson Counties) consisting of a loan in the amount of $1,100,000 and $190,350 in loan forgiveness from the Drinking Water State Revolving Fund to finance water system improvements.
The Springs Hill Water Supply Corporation intends to use the funds to install 4,000 new customer water meters and additional system meters and to purchase leak detection equipment to identify and pinpoint water leaks in a timely manner and reduce unaccounted for water.
The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.