AUSTIN (KAMR/KCIT) — The Texas Water Development Board (TWDB) announced on Wednesday the approval of financial assistance that totals $670,975,000 for the State Water Implementation Fund for Texas (SWIFT) project.

TWDB released the following plan on how the finances will be delegated under the SWIFT project:

The TWDB collects and assists with regional water and flood planning along with preparing the state water and flood plans. TWDB added that it administers cost-effective ways to financially assist in the construction of water supply, wastewater treatment, and flood control projects throughout Texas.

For more information on TWDB visit and check out MyHighPlains coverage of the current drought conditions in Texas.