Texas Water Development Board approves $44,680,000 to the Upper Trinity Regional Water District (Fannin, Collin, Cooke, Dallas, Denton, Grayson, and Wise counties) for a reservoir project

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AUSTIN – (July 23, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $44,680,000 from the State Water Implementation Fund for Texas (SWIFT) to the Upper Trinity Regional Water District (Fannin, Collin, Cookie, Dallas, Denton, Grayson, and Wise counties). The assistance approved today will finance the planning, acquisition and design of the proposed Lake Ralph Hall Reservoir.

The District could save approximately $4,492,065 over the life of the loan by using SWIFT.

The Lake Ralph Hall Reservoir is the first new reservoir permitted by the state of Texas since 1985. The reservoir will create a new water supply for the District's growing service area and is expected to yield approximately 30 million gallons per day. The assistance approved by the TWDB will allow the District to finalize the permitting process, begin design work, and purchase land for the project.

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.