The Texas Water Development Board (TWDB) approved by resolution financial assistance in the amount of $8,233,288, consisting of $4,528,000 in financing and $3,705,288 in grant funding, to the City of Bandera.
According to a press release, The City of Bandera will use the assistance from the Flood Infrastructure Fund (FIF) for planning, design and construction of a drainage improvement project.
In addition to the grant funding, the City of Bandera could save approximately $2,600,000 over the life of the loan by using the FIF program, according to a press release from TWDB
The approved project is eligible for FIF funding under category 2 of the 2020 Flood Intended Use Plan. This category was designated for planning, acquisition, design, and construction activities to implement flood mitigation projects.
The funds came as part of financial assistance $144,042,788 for flood, water, and wastewater projects in the City of Cotulla (La Salle County), City of Primera (Cameron County), Town of Pecos City (Reeves County), Greater Texoma Utility Authority on behalf of the City of Van Alstyne (Grayson and Colin counties) and the Guada-lupe-Blanco River Author (Comal and Guadalupe counties).
Passed by the 86th Texas Legislature and approved by voters through a constitutional amendment in 2019, FIF was created to provide funding for drainage, flood mitigation, and flood control projects.
The TWDB is the state a encv 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 control, and agricultural water conservation projects.