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Texas Water Development Board approves $31,386,238 to the City of Marble Falls (Burnet County) for drainage and flood mitigation projects

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

AUSTIN – (April 22, 2021) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $31,386,238, consisting of $17,576,000 in financing and $13,810,238 in grant funding, to the City of Marble Falls (Burnet County). The City will use the assistance from the Flood Infrastructure Fund (FIF) for planning, design, and construction of drainage and flood mitigation projects.

In addition to the grant funding, the City could save approximately $4,100,000 over the life of the 2021 portion of the loans committed today combined with a previously committed FIF loan. Additional savings may occur when the City closes on other portions of the loans.

With the financial assistance approved today, the City will construct a diversion for discharge in the Backbone Creek watershed to address drainage issues and relocate its wastewater treatment plant out of the 100-year floodplain.  

The approved projects are eligible for FIF funding under category 2 of the 2020 Flood Intended Use Plan. This category was designated for planning, acquisition, design, and construction activities to implement flood mitigation projects.

Passed by the 86th Texas Legislature and approved by voters through a constitutional amendment in 2019, FIF was created to provide funding for drainage, flood mitigation, and flood control projects.

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.