Texas Water Development Board closes on loans for $7,490,000 to the Hays Caldwell Public Utility Agency (Hays, Caldwell, Comal, and Guadalupe counties) for a water supply project

For immediate release. Contact: Media Relations at 512-463-5129

AUSTIN – (November 20, 2015) –-The Texas Water Development Board (TWDB) today closed on- loans providing financial assistance in the amount of $7,490,000 from the State Water Implementation Fund for Texas (SWIFT) program* to the Hays Caldwell Public Utility Agency (Hays, Caldwell, Comal, and Guadalupe counties). The assistance will finance the planning, acquisition, design, and construction of a water supply project.

The Agency could save more than $900,000 over the life of the loans by using the SWIFT program.

The City of Buda is projected to see a water shortage starting in 2018 if additional water supplies are not delivered to the area. The assistance provided today will allow the Agency to build a pipeline between the cities of Kyle and Buda to address the expected shortage.

On December 1, 2015, the application period for the 2016 funding cycle of the SWIFT program will open. Entities will have until February 5, 2016, to submit a preliminary, two-page application. Applications may be submitted via TWDB's new online application or by paper-copy.

*The SWIFT program includes two funds, the State Water Implementation Revenue Fund for Texas (SWIRFT) and the State Water Implementation Fund for Texas (SWIFT). Revenue bonds for the program are issued through the SWIRFT.

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.