Texas Water Development Board approves $13,816,350 to North Alamo Water Supply Corporation (Hidalgo County) for a wastewater system project
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 $13,816,350, consisting of a $4,495,000 loan and $500,000 in loan forgiveness from the Clean Water State Revolving Fund (CWSRF) and $8,821,350 in grant funding from the Economically Distressed Areas Program, to North Alamo Water Supply Corporation (Hidalgo County). The Corporation will use the assistance to finance a wastewater system project.
In addition to the loan forgiveness and grant funding, the Corporation could save approximately $2 million on the loan portion of the assistance by using the CWSRF.
This project will provide first-time wastewater service to several subdivisions near Weslaco.
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.