Texas Water Development Board approves $603,500 in financial assistance to the City of Winters (Runnels County) to finance a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (June 18, 2014) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $603,500, consisting of a $425,000 loan and $178,500 in loan forgiveness from the Drinking Water State Revolving Fund, to the City of Winters (Runnels County). The assistance will help address water shortages by developing additional water supplies for the city.
Winters could save approximately $218,408 over the life of the loan by using the Drinking Water State Revolving Fund.
Because of declining levels in its water supply reservoir, the city needs to supplement or replace insufficient surface water. The funds will be used to finance planning, acquisition and design for the development of a new well field.
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.