2012-03-13 / News

TWDB approves loans to CTWSC

The Texas Water Development Board approved by resolution a $3.945 million loan from the Rural Water Assistance Fund and a $3.9 million loan from the Texas Water Development Fund to the Central Texas Water Supply Corp. (Bell, Burnet, Coryell, Falls, Lampasas, Milam and Williamson counties) to finance water system improvements and to refinance existing debt.

CTWSC will use the Rural Water Assistance Fund loan to construct four high-service pumps and to install approximately 25,000 feet of water line to improve water delivery to customers.

The Texas Water Development Fund loan will be used to refinance four outstanding loans CTWC has from the U.S. Department of Agriculture- Rural Development. This refinancing will decrease the annual payment amount required by the four loans by 42 percent.

The lower payment will allow CTWC to minimize the need for rate increases.

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 costeffective financial programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.

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