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. These interest payments and 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 combined with pumpage fees charged on well water. NO RESIDENTS OUTSIDE OF THE WATER AUTHORITIES’ GROUNDWATER REDUCTION PLAN WILL PAY FOR THE SURFACE WATER SUPPLY PROJECT.
