Texas Water Development Board approves $5,470,000 to the Greater Texoma Utility Authority on behalf of Lake Kiowa Special Utility District (Cooke County) for a water line replacement project

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AUSTIN – (March 10, 2021) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of a $5,470,000 loan from the Drinking Water State Revolving Fund to the Greater Texoma Utility Authority on behalf of Lake Kiowa Special Utility District (Cooke County). The District will use the assistance to finance planning, design, and construction costs of a water line replacement project.

The District could save approximately $1,273,000 over the life of the loan by using the Drinking Water State Revolving Fund.

With the assistance approved today, the District will replace 4.5 miles of water distribution lines to help control water loss.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional water and flood planning, and preparing the state water and flood plans. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.