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Texas Water Development Board approves $725,000 to the Sandy Land Underground Water Conservation District (Yoakum County) for an agricultural water conservation equipment loan program

For immediate release. Contact: Sarah Haney at 512-463-5129

AUSTIN – (May 21, 2020) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of a $725,000 loan from the Agricultural Water Conservation Loan Program to the Sandy Land Underground Water Conservation District (Yoakum County). The District will use the assistance to provide financing for a pass-through loan program that funds agricultural water conservation equipment.

The District could save approximately $88,000 over the life of the loan by using the Agricultural Water Conservation Loan Program.

The District will utilize the funds to provide loans to area farmers to purchase drip irrigation systems and sprinkler conversion packages for existing systems to improve water use efficiency.

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.