This project is funded through bonds issued by the WHCRWA and the NFBWA. A significant portion of these bonds will be sold to the Texas Water Development Board through a state-wide program for financing water projects. The total project costs are estimated to be more than $1 billion, and this project is funded solely by the water authorities. The water authorities’ interest payments and repayment of principal on the bonds to the Texas Water Development Board will be supported by each water authority’s sale of surface water to their customers and pumpage fees charged on well water pumped within the water authorities. NO RESIDENTS OUTSIDE OF THE WATER AUTHORITIES’ GROUNDWATER REDUCTION PLAN WILL PAY FOR THE SURFACE WATER SUPPLY PROJECT.
Funding the Surface Water Supply Projectttntenadm1n2019-11-21T09:21:14-06:00