Texas Water Development Board approves $15,740,000 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 26, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $15,740,000 from the State Water Implementation Fund for Texas (SWIFT) program* to the Brushy Creek Regional Utility Authority, Inc. (Williamson and Travis counties). The assistance will allow the Authority to finance planning and design costs associated with a regional water supply project.
By using the SWIFT program, the Authority could save approximately $956,000 over the life of the 2018 portion of the loan commitment. Additional savings will occur when the District closes on the other portions of the loan.
The Authority is a partnership between the cities of Cedar Park, Round Rock, and Leander to address the fast-growing area’s needs. The assistance approved today will include planning for an additional water intake, increased capacity at the water treatment plant, and electrical improvements.
*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.