FINANCIAL AND TECHNICAL ASSISTANCE FOR SECURING WATER SUPPLIES AVAILABLE TO CITIES
The Texas Water Development Board (TWDB) is a state agency whose mission is to provide leadership, planning, financial assistance, information, and education for the conservation and responsible development of water for Texas. The TWDB estimates that every $1 million spent on water development projects in Texas, over the course of their implementation, will generate:
- $1.75 million sales revenues in construction, engineering, materials, and supporting sectors;
- $889,000 in gross state domestic product;
- $44,000 in state and local tax receipts; and
- 13 new jobs
The TWDB has many sources of financial assistance available to assist cities with water projects. These include the Clean Water State Revolving Fund, the Drinking Water State Revolving Fund, and the Water Infrastructure Fund. Through these programs, cities can obtain loans at interest rates lower than the market rates to complete development projects of recommended strategies in the State Water Plan. For more specific information on how to obtain assistance from the TWDB for these programs, please visit http://www.twdb.texas.gov/financial/programs/.