Texas Water Development Board approves $7,490,000 to the Greater Texoma Utility Authority on behalf of Bear Creek Special Utility District (Collin County) for water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (November 12, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $7,490,000 from the Drinking Water State Revolving Fund to the Greater Texoma Utility Authority on behalf of Bear Creek Special Utility District (Collin County). The Authority will use the assistance to finance the planning, acquisition, design, and construction costs associated with water system improvements.
The Authority could save approximately $1,802,000 over the life of the loan by using the Drinking Water State Revolving Fund.
With the assistance approved today, the Authority will be able to make improvements to its water system, including construction of a new pump station and 2-million-gallon ground storage tank.
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.