Texas Water Development Board approves $4.5 million to the City of Beeville (Bee County) for a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (July 21, 2016) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $4.5 million from the State Water Implementation Fund for Texas (SWIFT) program* to the City of Beeville (Bee County). The City will use the assistance to finance a water supply project.
The City could save approximately $467,000 over the life of the loan by using the SWIFT program.
With the assistance approved today, the City will construct a well field southeast of Beeville, which will produce an estimated average of 1.3 million gallons per day of water. The City will also use the assistance to construct a 500,000-gallon ground storage tank, pump station, and necessary piping. When complete, the project will allow for water to be transported to the City’s water distribution system and blended with potable water from the City’s surface water treatment plant.
*The SWIFT program includes two funds, the State Water Implementation Fund for Texas (SWIFT) and the State Water Implementation Revenue Fund for Texas (SWIRFT). Revenue bonds for the program are issued through SWIRFT.
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.