Texas Water Development Board approves $1,612,761 in loans to the City of Ranger to finance water 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 $1,612,761 to the City of Ranger (Eastland County) consisting of a loan in the amount of $895,000 and $717,761 in loan forgiveness from the Drinking Water State Revolving Fund to finance water system improvements.
The City of Ranger intends to use the funds to replace approximately 21,000 linear feet of 80-year-old cast iron pipe with new PVC water line to address water loss issues.
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.