Texas Water Development Board approves $1,250,000 to the City of Tioga (Grayson County) for a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (February 18, 2016) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,250,000, consisting of a $1,050,000 loan and $200,000 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Tioga (Grayson County). The City will be able to finance the planning, design, and construction phases of a water supply project.
In addition to the savings from the loan forgiveness, the City could save approximately $112,000 over the life of the loan by using the Drinking Water State Revolving Fund.
With the assistance approved today, the City will drill a new well to meet the future demands of the growing population of the City. In addition, a transmission line will be constructed to bring the new water supply to the City’s existing storage and pumping facilities. This project is a recommended water management strategy in the 2012 State Water Plan.
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.