Texas Water Development Board approves $7,808,511 in loans to the City of McAllen to finance wastewater system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (September 20, 2012) - The Texas Water Development Board (TWDB) today approved by resolution the amount of $7,808,511 to the City of McAllen (Hidalgo County) consisting of a loan in the amount of $6,655,000 and $1,153,511 in loan forgiveness from the Clean Water State Revolving Fund to finance wastewater system improvements.
The City of McAllen intends to use the funds to reduce its raw water demand by creating a reclaimed wastewater reuse system that will replace potable water use with treated wastewater.
The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.