Texas Water Development Board approves $2,705,000 to the Greater Texoma Utility Authority on behalf of the City of Gainesville (Cooke County) for a water conservation project

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

AUSTIN – (July 27, 2022) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $2,705,000 from the State Water Implementation Fund for Texas (SWIFT)* program to the Greater Texoma Utility Authority on behalf of the City of Gainesville (Cooke County). The City will use the assistance for the planning, design, and construction of a water conservation project.

The City could save approximately $276,000 over the life of the loan by using the SWIFT program.

With the assistance approved today, the City will replace more than 4,500 linear feet of pipeline. The project will decrease system repairs, increase reliability, and result in the conservation of approximately 6 million gallons of water per year.

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.

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