Texas Water Development Board approves $98,055,000 to the Brushy Creek Regional Utility Authority (Travis and Williamson counties) for a water supply project

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

AUSTIN – (July 25, 2023) – The Texas Water Development Board (TWDB) today approved by resolution multi-year financial assistance in the amount of $98,055,000 from the State Water Implementation Fund for Texas (SWIFT)* program to the Brushy Creek Regional Utility Authority (Travis and Williamson counties). The Authority will use the assistance for the construction of a water supply project.

The Authority, which includes the cities of Cedar Park, Leander, and Round Rock, could save approximately $5,300,000 over the life of the loan by using the SWIFT program.

The TWDB has previously committed $409,155,000 through the Texas Water Development Fund and the SWIFT program to finance the planning, acquisition, design, and construction of a regional project to address current and projected water supply needs. With the assistance approved today, the Authority will complete the construction of Phase 1D and Phase 2, which includes a new deep-water intake and pump station and expansion of the water treatment plant to accommodate increased supply.

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.