Texas Water Development Board approves $1,050,000 in financial assistance to the City of Reklaw (Cherokee and Rusk counties) for water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (February 25, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,050,000 from the Drinking Water State Revolving Fund, consisting of an $850,000 loan and $200,000 in loan forgiveness, to the City of Reklaw (Cherokee and Rusk counties). The assistance will finance water system improvements.
The City could save approximately $400,000 over the life of the loan by using the Drinking Water State Revolving Fund.
The City will construct a new water well and pumping and storage facilities with the assistance approved today.
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.