Texas Water Development Board approves $8,153,062 to the City of Abilene (Taylor and Jones counties) for a water system project
For immediate release. Contact: Media Relations at 512-463-5129
AUSTIN – (December 17, 2024) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $8,153,062 to the City of Abilene (Taylor and Jones counties), consisting of $3,995,000 in financing and $4,158,062 in principal forgiveness, from the Drinking Water State Revolving Fund (DWSRF) Lead Service Line Replacement Program. The City will use the assistance for the planning, design, and construction of a water system project.
In addition to the loan forgiveness, the City could save approximately $711,000 over the life of the loan by using the DWSRF.
With the assistance approved today, the City will be reimbursed for the costs of completing a lead service line inventory of its residential water service line connections. The City will also replace an estimated 2,600 service lines that contain galvanized materials.
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 mitigation, and agricultural water conservation projects.