Texas Water Development Board approves $8,670,000 to the FHLM Regional Water Supply Corporation (Falls, Hill, Limestone, and McLennan counties) for water system improvements

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AUSTIN – (December 19, 2019) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $8,670,000, consisting of an $8,170,000 zero-percent-interest loan and $500,000 in loan forgiveness, from the Drinking Water State Revolving Fund to the FHLM Regional Water Supply Corporation (Falls, Hill, Limestone, and McLennan counties). The Corporation will use the assistance to finance planning, acquisition, design, and construction costs associated with water system improvements.

In addition to the loan forgiveness, the City could save approximately $5.3 million over the life of the loan by using the Drinking Water State Revolving Fund.

With the assistance approved today, the Corporation will construct approximately 14 miles of pipeline and four new pump stations to transport treated water purchased from the City of Waco and blend it with existing groundwater supply for use by two of its members—Axtell Water Supply Corporation and Elk Oak Lake Water Supply Corporation.

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.