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 the TWDB by February 5, 2016. The abridged applications will provide the 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, the Board will identify the amounts of funds available by category and establish the structure of financing and the subsidy terms.
Once the Board has prioritized the abridged applications and analyzed the financial assistance requested, the Board will 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 the TWDB.
The Board will consider approving SWIFT applications in summer 2016.