Texas Water Development Board approves $500,000 to the Whitewater Springs Water Supply Corporation (Burnet County) for water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (April 16, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $500,000, consisting of a $200,000 loan and $300,000 in loan forgiveness, from the Drinking Water State Revolving Fund to the Whitewater Springs Water Supply Corporation (Burnet County). The Corporation will use the assistance to finance water system improvements.
In addition to the loan forgiveness, the Corporation could save approximately $35,000 by using the Drinking Water State Revolving Fund.
With the assistance approved today, the City will be able to finance the planning, acquisition, design, and construction costs of a water system improvement project. The Corporation will construct a new water well and install a ground storage tank and water transmission line connecting the pumping plant to the existing water transmission system. In addition, the Corporation will develop an asset management plan.
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.