Texas Water Development Board approves $400,000 to the City of Fayetteville (Fayette County) for a water well project
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (August 26, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $400,000, consisting of a $200,000 loan and $200,000 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Fayetteville (Fayette County). The City will be able to finance the design and construction costs associated with a water well project.
The City could save approximately $235,634 over the life of the loan by using the Drinking Water State Revolving Fund.
With the assistance approved today, the City will be able to replace one of the City’s oldest water wells and increase the reliability of the water system. The water system services a small community in eastern Fayette County.
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.