Texas Water Development Board approves $532,390,000 to the North Texas Municipal Water District (Collin, Dallas, Denton, Fannin, Grayson, Hopkins, Hunt, Kaufman, Rains and Rockwall counties) for a water treatment plant expansion and system improvements

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AUSTIN – (July 25, 2023) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $532,390,000 from the State Water Implementation Fund for Texas (SWIFT)* program to the North Texas Municipal Water District (Collin, Dallas, Denton, Fannin, Grayson, Hopkins, Hunt, Kaufman, Rains and Rockwall counties). The District will use the assistance for the acquisition and construction of a drinking water treatment plant expansion and system improvements project.

The District could save approximately $41,000,000 over the life of the loan by using the SWIFT program.

With the assistance approved today, the District will expand the capacity of the raw water pump station at Bois d’Arc Lake Dam and the Leonard Water Treatment Plant to meet projected water needs. The improvements will enhance redundancy, reliability, and operational flexibility of the pump station and water treatment plant.

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.