SWIFT round two application period to open on Dec. 1
The Texas Water Development Board (TWDB) will open the application period for the State Water Implementation Fund for Texas (SWIFT) financial assistance program on December 1, 2015. This will be the second round of financial assistance made available through the SWIFT program.
To be eligible for the upcoming round of SWIFT, projects must be included in the adopted 2016 Regional Water Plans and the subsequent 2017 State Water Plan.
Project sponsors must submit abridged applications to TWDB by February 5, 2016. The abridged applications will provide TWDB with information needed to prioritize the list of interested projects. The projects will then be ranked according to the SWIFT prioritization rules. During this time, TWDB will identify the amounts of funds available by category and establish the structure of financing and the subsidy terms.
TWDB will then extend invitations in mid-spring to eligible entities to submit full applications. Those entities will have 30 days to complete and submit the full application to TWDB with consideration of approving SWIFT applications in summer 2016.
"We encourage communities to continue to take advantage of SWIFT and the cost saving options made available through the program," said TWDB Board member Kathleen Jackson. "The water management strategies included in the state water plan are key to securing the long-term water supply of our state, and SWIFT is ready to turn planning into projects."
Read the full news release.