Texas Water Development Board approves $16,995,000 to the Brushy Creek Regional Utility Authority, Inc. (Williamson and Travis counties) for a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (July 20, 2017) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of a $16,995,000 low-interest loan from the State Water Implementation Fund for Texas (SWIFT) program* to the Brushy Creek Regional Utility Authority, Inc. (Williamson and Travis counties). The Authority will use the assistance to finance the construction costs associated with a water supply project.
The Authority could save approximately $2,290,000 over the life of the loan by using the SWIFT program.
The Authority is a regional partnership between the fast-growing cities of Cedar Park, Leander, and Round Rock. The Authority has developed a three-phase water supply project to meet the growing water demands of the cities. With the assistance approved today, the Authority will be able to complete the second phase of that project, which will expand the water treatment plant capacity from 17 million gallons per day to 30 million gallons per day.
*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.