State Participation Program – Regional Water and Wastewater Facilities

Jurisdiction:
Texas
Incentive Type:Loan Program
Industries:
Infrastructure, Technology
Eligible Sector:
Government
Category:
Financial Incentive
Time Period:
FY 2015
Governing Body:Texas Water development board
What’s it worth?:80% of costs for projects

The State Participation Program is designed to support regional water, wastewater, and flood control projects in regions that may not have the ability to participate without state assistance. TWDB can provide up to 80% of the cost of the project to be paid back in affordable increments.

Eligible participants include political subdivision of state, project sponsors must:

  • Have a project that cannot be easily funded without State participation
  • Have a facility to be constructed for optimal regional developed of the project

To apply for State participation funds eligible participants must submit an application before the deadline. Applications include:

  • Engineering feasibility report
  • Environmental information
  • General information
  • Fiscal reports
  • Legal information

This program allows participants to deferred payments until project completion allowing revenue to be incurred prior to repayment. Participants do not pay additional interest and are able to implement structures that are optimal to the needs of the region. TWDB awards funds based on projects they prioritize. The terms of the financial assistance include:

  • Master agreement
  • Pledge
  • Length of TWDB Participation
  • Repurchase Agreements
  • Interest Rates
  • Fees
  • Conditions to Close
  • Applicable Rules

More detailed information can be found on the TWDB website