Texas Water Development Board approves $4,488,700 in financial assistance to the City of Cameron (Milam County) for water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (January 29, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $4,488,700 from the Drinking Water State Revolving Fund, consisting of a $3,940,000 loan and $548,700 in loan forgiveness, to the City of Cameron (Milam County). The assistance will finance planning, acquisition and design costs associated with water system improvements.
The City could save approximately $808,616 over the life of the loan by using the Drinking Water State Revolving Fund.
The financial assistance approved today will allow the City to develop additional water supplies through the development of a new well field and groundwater storage tank. When complete, the City will have a more reliable and improved water system.
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.