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Texas Water Development Fund (DFund)

Texas Water Development Fund (DFund). What is the DFund?.

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Texas Water Development Fund (DFund)

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  1. Texas Water Development Fund (DFund)

  2. What is the DFund? • The Texas Water Development Fund, commonly referred to as DFund, is but one of the Texas Water Development Board’s financial assistance programs. This is a flexible and streamlined State-funded program that provides financial assistance for a wide variety of projects.

  3. DFund Background • 1957: TWDB is created and given authority to issue $200 million in Water Development bonds (Development Fund) • Assistance was intended for communities that found it a hardship to obtain funding from other sources • 1985: Hardship criterion removed; project eligibility is broadened

  4. DFund Background • Over the years, voters approved $4.23 billion in bonding authority for the Development Fund • Voters demonstrated their support for DFund at the polls several times: 1957, 1962, 1971, 1985,1989, 2001

  5. DFund Funding In 2011, voters approved increasing bonding authority to $6 billion • Funds are available on demand • TWDB may sell bonds as needed to fund projects • Funds are currently available for immediate loans

  6. DFund DFund is versatile • State funded / No Federal subsidies • Is not subject to the additional requirements/cross-cutters associated with Federal funds • Can fund multiple eligible components in one loan • Water and Wastewater projects/components can be processed in a single loan • Planning, Design and Construction Phases

  7. Qualified Applicants • Cities • Counties • Water districts • River Authorities • Nonprofit water supply corporations or water & sewer supply corporations • All other political subdivisions of the State

  8. Types of Eligible Projects Water • Wells • Distribution and transmission lines • System acquisition • Pumping facilities • Storage reservoirs and tanks • Water treatment plants • Purchase of water rights • Meter replacement • Desalination • Well field acquisition

  9. Types of Eligible Projects Wastewater • Sewer treatment plants • Collection systems • Lift stations • System acquisition • System rehabilitation • Non-point source pollution abatement • Trunk lines • Re-use projects

  10. Types of Eligible Projects Flood Control • Construction of storm water retention basins • Enlargement of stream channels • Modification or reconstruction of bridges • Acquisition of floodplain land for use in public open space • Relocation of residents of buildings removed from a floodplain • Public beach re-nourishment • Flood warning systems • Control of coastal erosion • Development of flood management plans

  11. White River Reservoir

  12. Eligibility Considerations • Water supply projects funded through DFund must be consistent with the 2012 State Water Plan • Water conservation and drought contingency plans are required for financial assistance greater than $500,000 • U.S. Iron & Steel requirements

  13. Benefits Assuming a $5,000,000 20-year loan to Baa rated borrower, a 1.41% interest rate reduction means annual interest savings of approximately $46,537 or approximately $930,730 over the life of the 20-year amortization.

  14. Contact Telephone (512) 463-0991 Email: Financial_Assistance@twdb.texas.gov Web: www.twdb.texas.gov/financial/programs

  15. Drought UpdateApril 2014 Mark Wentzel Surface Water Resources Division Water Science and Conservation

  16. RESERVOIR CONSERVATION STORAGE DATA Storage for April 15, 2014: 20.51 Million acre-ft (64.9%) Conservation capacity: 31.58 Million acre-ft

  17. Major Municipal Reservoir System Storage (% Full) As of: April 15, 2014 (Change since Mar. 15, 2014) 0.0% (0.0%) 23.7% (-1.8%) 9.9% (-0.3%) 88.9% (11.1%) 68.7% (+1.0%) 70.3% (-0.5%) 17.2% (-1.0%) 100% (+2.5%) 18.4% (+0.4%) 6.3% (-0.6%) 98.5% (0.0%) El Paso 89.5% (-0.6%) 74.9% (-0.6%) Percent Full 7.7% (-0.5%) 40.0% (-0.6%) 92.5% (+5.2%) 99.6% (+0.3%) 51.1% (-1.8%) 47.0% (-2.1%) 43.6% (-1.3%)

  18. Major Irrigated Agricultural Areas General Locations

  19. Irrigated Areas Reservoirs with Irrigation Water Rights Drought Reservoir Contents

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