(a) After the loan closing of a project and release
of funds to the political subdivision, the executive administrator
shall determine what portion of the project funds, if any, qualify
as funding for:
(1) rural political subdivisions;
(2) agricultural water conservation;
(3) water conservation, including agricultural irrigation
projects designed for water conservation; or
(4) reuse, including agricultural irrigation projects
designed for reuse.
(b) For project costs that cannot be assigned to either
a qualifying category and non-qualifying portions of the project,
the executive administrator will allocate costs proportionately.
(c) The executive administrator will include in the
biennial report to the Legislature required by Texas Water Code §15.440,
the percentage of SWIFT and SWIRFT funds used to support rural political
subdivisions and agricultural water conservation, and the percentage
of SWIFT and SWIRFT funds used to support water conservation or reuse,
including agricultural irrigation projects, that are designed for
water conservation or reuse. The executive administrator will post
this information on the board's internet website along with an explanation
for the allocation.
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