TWDB Opens Application Period For SWIFT program
The Texas Water Development Board (TWDB) opened the application period for the 2019 funding cycle of the State Water Implementation Fund for Texas, SWIFT program…
The Texas Water Development Board (TWDB) opened the application period for the 2019 funding cycle of the State Water Implementation Fund for Texas (SWIFT) program Dec. 13.
The SWIFT program helps communities develop and optimize water supplies at cost-effective rates. The program provides low-interest financing, extended repayment terms, deferral of repayments and incremental repurchase terms for projects with state ownership aspects.
It also includes additional interest rate subsidies for rural and agricultural projects. For more information on the program, please visit here.
To be eligible for SWIFT program financial assistance, projects must be recommended in the 2017 State Water Plan. The short, preliminary applications are due Feb. 1, 2019, and may be submitted via the TWDB’s online application system or by paper copy.
These applications provide information the TWDB needs to complete prioritization of the projects. Projects that receive priority for financial assistance will be invited to submit a complete application, which will include a detailed financial, legal, engineering and environmental review.
The SWIFT program includes two funds, the State Water Implementation Fund for Texas (SWIFT) and the State Water Implementation Revenue Fund for Texas (SWIRFT).
This story originally published by Strategic Partnerships, Inc.
