Texas Water Development Board approves $44,395,000 to the City of Dripping Springs (Hays County) for wastewater system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (April 10, 2019) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $44,395,000, consisting of a $43,395,000 multi-year loan and $1 million in loan forgiveness, from the Clean Water State Revolving Fund to the City of Dripping Springs (Hays County). The City will use the assistance to finance planning, acquisition, design, and construction costs associated with wastewater system improvements.
By using the Clean Water State Revolving Fund, the City could save approximately $4.4 million over the life of the $23.5 million loan they will close on in 2019.
With the assistance approved today, the City will construct a 500,000-gallon-per-day wastewater treatment plant and increase capacity from 315,400 gallons per day to 500,000 gallons per day. In addition, the City will construct a 500,000-gallon-per-day water treatment plant for direct potable reuse. The project will allow the City to meet the growing demand for wastewater treatment associated with the growing population.
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.