Texas Water Development Board approves $1,635,000 to the Lone Star Regional Water Authority (Williamson and Bell counties) for water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (July 26, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,635,000 from the Texas Water Development Fund to the Lone Star Regional Water Authority (Williamson and Bell counties). The Authority will use the assistance to finance planning, acquisition, design, and construction costs associated with water system improvements.
The Authority could save approximately $110,000 by using the Texas Water Development Fund.
The improvements are part of the East Williamson County Regional Water Transmission System project, which will transport treated surface water from Lake Granger to the densely populated I-35 corridor in Williamson and Bell counties. The TWDB previously committed $27,640,000 from the State Water Implementation Fund for Texas (SWIFT) program* for this project. With the assistance approved today, the Authority will add additional water lines and electrical upgrades.
*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.