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Texas Water Development Board approves $320,845,000 to the Upper Trinity Regional Water District (Fannin, Collin, Cooke, Dallas, Denton, Grayson, Hunt, and Wise counties) for a water supply project
By Texas Water Development Board
Jul 24, 2024
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Austin, Texas (July 23, 2024) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $320,845,000 in multi-year Board Participation financing from the State Water Implementation Fund for Texas (SWIFT)* program to the Upper Trinity Regional Water District (Fannin, Collin, Cooke, Dallas, Denton, Grayson, Hunt, and Wise counties). The District will use the assistance for the construction of a water supply project.

Due to an escalation in construction costs, the District requested additional funds to continue construction of Lake Ralph Hall reservoir in Fannin County. The reservoir will provide a firm yield of approximately 39,205 acre-feet and up to an additional 21,283 acre-feet of indirect reuse to meet projected water demands. The TWDB has previously committed $513,580,000 to the project.

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.

*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.