Texas Water Development Board approves $6,314,000 in financial assistance to the City of Tahoka (Lynn County) for water distribution system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (July 23, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $6,314,000, consisting of a $1,871,000 loan and a $4,443,000 grant from the Economically Distressed Areas Program, to the City of Tahoka (Lynn County). The assistance will allow the City to finance construction costs associated with water distribution system improvements.
The City could save approximately $6,375,874 over the life of the loan by using the Economically Distressed Areas Program.
The City plans to install water lines and complete other water system improvements with the assistance approved today. The project will significantly reduce water loss within the City’s water distribution 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.