TWDB approves $1,961,821 to City Of San Marcos for flood mitigation project
The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,961,821 consisting of a $1,000,000 loan and $961,821 in loan forgiveness, from the Clean Water State Revolving Fund to the City of San Marcos (Hays County). The City will use the assistance to finance a flood mitigation project.
The City could save approximately $147,000 over the life of the loan by using the Clean Water State Revolving Fund.
With the assistance approved today, the City will finance a flood mitigation planning study. Based on the results of the study, the City will also create an engineering feasibility report.
The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.