Texas Water Development Board approves $28,905,000 to the City of Brady (McCulloch County) for water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (December 13, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $28,905,000, consisting of $13,375,000 in grant funding from the Economically Distressed Areas Program and a $10,830,000 loan and $4,700,000 in loan forgiveness from the Drinking Water State Revolving Fund (DWSRF), to the City of Brady (McCulloch County). The financial assistance will allow the City to finance construction of water system improvements.
In addition to the grant funding and loan forgiveness, the City could save approximately $5,477,000 over the life of the loan by using the DWSRF.
With the assistance approved today, the City will be able to make improvements to its water system, including construction of a new treatment plant, water transmission lines, and elevated and ground storage facilities.
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.