Water Infrastructure Funding
State Water Plan Funding Resource Center – HB 4 Implementation
In 2013 the Texas State Legislature passed HB 4 and SJR 1, historic measures to fund the State Water Plan. Voters approved a $2 billion transfer from the Rainy Day Fund as seed money for the newly created State Water Implementation Fund for Texas (SWIFT). The SWIFT will be used exclusively to provide low-interest loans for projects included in the State Water Plan.
Implementation is now well underway. The state’s sixteen Regional Water Planning Groups will be prioritizing projects in the 2011 Regional Water Plans by June 1, 2014. Public comments can be submitted until June 1, 2014 on the criteria being used to prioritize projects at the regional level. The Texas Water Development Board will initiate HB 4 rulemaking in early 2014, with a tentative deadline to publish rules in June/July and final adoption in December 2014. More updates will be posted as the implementation process unfolds.
Clean Water and Drinking Water State Revolving Funds
Two of the cornerstones of the Texas Water Development Board’s existing financing portfolio are the Clean Water and Drinking Water State Revolving Funds. These funds operate with federal appropriations authorized through the Clean Water Act and the Safe Drinking Water Act. They are subject to certain federal requirements such as the Davis-Bacon prevailing wage rules, in addition to state regulations. Bonus considerations are given for green projects. Projects do not need to be included in the State Water Plan. Initial applications for the annual funding cycle are accepted in December through February.