Texas Water Development Board approves $600,000 to the Moffat Water Supply Corporation (Bell County) for water system improvements

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

AUSTIN – (August 18, 2022) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $600,000 to the Moffat Water Supply Corporation (Bell County) from the Texas Water Development Fund. The Corporation will use the assistance to finance the construction of a water system improvement project.

In December 2018, the Corporation received a $3,300,000 commitment from the Texas Water Development Fund for planning, acquisition, design, and construction of a water system improvement project. Early in the design phase, the project team determined that additional funding would be needed to complete construction due to rising costs. With the remaining project funds and the additional financial assistance approved today, the Corporation will construct a new 200,000-gallon elevated storage tank and a new ground storage tank, as well as make pump station improvements.

The Corporation could save approximately $100,000 over the life of the loan by using the Texas Water Development Fund.

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.