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In the News

Water Development Board offers jurisdictions assistance with water plan projects

Thursday, November 19, 2015
Source: Texas Water Development Board

The Texas Water Development Board announced it will accept applications for the State Water Implementation Fund for Texas (Swift) that helps finance water projects.

SWIFT provides affordable, ongoing state financial assistance for projects in the state water plan. The fund helps communities develop and optimize water supplies at cost-effective rates. The program provides low-interest loans, extended repayment terms, deferral of loan repayments, and incremental repurchase terms for projects with state ownership aspects.

Any political subdivision of the state with a project included in the adopted regional water plans and that will be included in the state water plan can apply for assistance through this program.

  • Political subdivisions include:
  • Non-profit water supply corporations
  • Municipalities
  • Counties
  • River authorities
  • Special law districts
  • Water improvement districts
  • Water control and improvement districts
  • Irrigation districts
  • Groundwater conservation districts

Eligible projects are recommended water management strategies in the adopted regional water plans and that will be included in the state water plan, and have an associated capital cost.

> Read more about SWIFT.
> Review the 2015 SWIFT savings.

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