Texas Water Development Board approves a $700,000 loan to the City of Brady (McCulloch County) to finance water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (May 16, 2013) - The Texas Water Development Board (TWDB) today approved by resolution a loan in the amount of $700,000 to the City of Brady (McCulloch County) consisting of a loan in the amount of $350,000 and $350,000 in loan forgiveness from the Drinking Water State Revolving Fund to finance water system improvements.
The City of Brady intends to use the funds to address issues relating to the removal of radionuclide contamination in its groundwater supply. The city will also use funds to increase the sustainability of its water supply.
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.