News & Events

On Tuesday October 22, 2024 the Southern Nevada Water Authority closed on its State of Nevada Drinking Water State Revolving Fund Loan (Contract #DW2504).  This loan will fund cost assocaited with the River Mountians Ozone Replacement Project.  The loan will be drawn on a reimbursement basis in a maxium amount not to exceed $56,733,000.  The term of the loan is 20-years and a rate of 1.00%.

Las Vegas Valley Water District and Southern Nevada Water Authority have selected a pool of five underwriters for its next new money bond issuance. 

Firms Selcted:

• B of A Securities - Lead Sr. Manager
• Wells Fargo Corporate and Investment Banking
• Morgan Stanley & Co. LLC 
• Academy Securities, Inc.
• Samuel A. Ramirez & Co., Inc.

Maximum par not to exceed $415,000,000*. This negotiated bond sale is projected to close in May to August 2025. Bond proceeds will be used to fund projects in the Southern Nevada Water Authority's Major Construction and Capital Plan. These bonds will be a general obligation of the Las Vegas Valley Water Disctrict and additionally secured by Southern Nevada Water Authority pledged revenues. 

*Subject to change

The Master Bond Repayment Agreement between the Southern Nevada Water Authority (SNWA) and the Las Vegas Valley Water District was amended on November 16, 2023, to include sales tax proceeds among the pledged revenues. For the fiscal year ended June 30, 2023, the SNWA received $95.2 million in sales tax proceeds.