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Texas Water Development Board

Issuer Type: Water/Sewer

Bond Ratings

1 of 3

State of Texas General Obligation

Moody's
Aaa
S&P
AAA
Fitch
AAA

TWDB State Water Implementation Revenue Fund for Texas (SWIRFT)

S&P
AAA
Fitch
AAA

TWDB State Revolving Fund Revenue Bonds (SRF)

S&P
AAA
Fitch
AAA
Rebecca Trevino

On behalf of the Texas Water Development Board (TWDB), I welcome you to our investor relations website. We appreciate your interest and investment in bonds issued by the TWDB. As a state agency, our mission is to lead the state’s efforts in ensuring a secure water future for Texas and its citizens. Visionary State of Texas governmental officials have demonstrated an understanding of the economic implications of not having sufficient water supply and related infrastructure to meet the projected demands of a growing population. We have several financial assistance programs available to assist entities with all types of water, wastewater, and flood control projects.

The TWDB's programs provide local political subdivisions of Texas with low-cost financing for water-related infrastructure. From the first loan to build the White River Reservoir in 1958 to the most recent State Water Implementation Fund for Texas (SWIFT) and Flood Infrastructure Fund commitments, the TWDB continues to be a leader in financing water and wastewater projects throughout Texas. Projects have spanned the state, from El Paso to Beaumont and Dalhart to Brownsville, with investments in nearly every one of Texas’ 254 counties.

The TWDB has a well-established, proactive financial management history that is bolstered by our adherence to robust financial policies and practices. We are committed to maintaining our strong bond ratings and to being as transparent as possible with the investor community and public at large. I hope you find this website useful as you seek to better understand the credit and structural fundamentals of our bond programs. Please do not hesitate to contact our office with questions or suggestions. Thanks again for your interest.

Rebecca Trevino, Chief Financial Officer

Press Releases

March 29, 2021

News
Water Weekly

The Texas Water Development Board’s weekly, one-page report on drought conditions and water-related issues across the state.

Read Article

March 25, 2021

Press Release
Texas Water Development Board today approved financial assistance totaling $197,491,400 for flood and wastewater projects

Texas Water Development Board today approved financial assistance totaling $197,491,400 for flood and wastewater projects

For immediate release. Contact: Lauren Munguia at 512-463-2322

AUSTIN – (March 25, 2021) – The Texas Water Development Board (TWDB) today approved financial assistance totaling $197,491,400 for flood and wastewater projects.

  • $491,400 to the Cameron County Drainage District No. 1 (Cameron County) for a drainage improvement project
  • $197,000,000 to the City of Seguin (Guadalupe County) for a wastewater system expansion project

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional water and flood planning, and preparing the state water and flood plans. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.

Read Press Release

March 22, 2021

News
Water Weekly

The Texas Water Development Board’s weekly, one-page report on drought conditions and water-related issues across the state.

Read Article