F unding the State Wate r Plan with the State Wate r Imple me ntation F und for T e xas (SWIF T ) Carlos Rubinstein, Chairman Bech Bruun, Director Kathleen Jackson, Director
What is the SWIF T and who c an apply? T he L e g isla ture c re a te d SWI F T to pro vide a ffo rda b le , o ng o ing sta te fina nc ia l a ssista nc e fo r pro je c ts in the Sta te Wa te r Pla n. Any po litic a l sub divisio n, whic h inc lude s no n- pro fit wa te r supply c o rpo ra tio ns, with a pro je c t inc lude d in the mo st re c e ntly a do pte d sta te wa te r pla n c a n a pply. 2
What type s of pr oje c ts ar e e ligible for funding? Pro je c ts tha t a re re c o mme nde d wa te r ma na g e me nt stra te g ie s in the 2012 Sta te Wa te r Pla n a sso c ia te d with a c a pita l c o st. F unds a re a va ila b le fo r pla nning , a c q uisitio n, de sig n a nd c o nstruc tio n re la te d c o sts. 3
What’s in the le gislation? At le a st 20 pe r c e nt to suppo rt wa te r c o nse rva tio n a nd re use pro je c ts At le a st 10 pe r c e nt to suppo rt pro je c ts se rving rura l c o mmunitie s a nd a g ric ultura l 4
F Y2015 SWIF T F unding
What type of funding is available ? L ow- inte re st L oans • De fe r r e d L oans • Boar d Par tic ipation • F Y 2015 F unds Available : $800 million Multi- ye ar c ommitme nts available for funding ne e ds spanning se ve r al ye ar s 6
Ho w will PROJE S b e PRIORIT D ? CT IZE
How will pr oje c ts be pr ior itize d? Pr ior itization by T WDB Se rve a la rg e po pula tio n Assist a dive rse urb a n a nd rura l po pula tio n Highest consideration Pro vide re g io na liza tio n Me e t hig h pe rc e nta g e o f wa te r use rs’ ne e ds 8
How will pr oje c ts be pr ior itize d? Pr ior itization by T WDB L o c a l fina nc ia l c o ntrib utio n F ina nc ia l c a pa c ity o f a pplic a nt to re pa y Ab ility to le ve ra g e with lo c a l a nd fe de ra l funding Additional E me rg e nc y ne e d fo r pro je c t Criteria Re a dine ss to pro c e e d with pro je c t E ffe c t o n wa te r c o nse rva tio n Prio rity g ive n b y re g io na l wa te r pla nning g ro up 9
SWIF T Applic atio n T ime line
Imple me ntation Ab ridg e d a pplic a tio ns due • F e b. 3, 2015 • T WDB prio ritize s a b ridg e d a pplic a tio ns • T WDB de te rmine s a va ila b ility o f funds b y c a te g o ry a nd fina nc ing te rms Spring 2015 • I nvita tio ns to a pply a re e xte nde d • E ntitie s sub mit c o mple te a pplic a tio ns • T WDB c o nside rs a nd a ppro ve s Summe r 2015 a pplic a tio ns • T WDB a utho rize s b o nd sa le • T WDB b o nd sa le a nd c lo sing F a ll 2015 • Bor r owe r s c lose loans 11
Re gio nal T e ams 12
Re gional Pr oje c t Imple me ntation T e ams 13
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