Texas Water Development Board approves $19,765,708 to the City of Stamford (Jones and Haskell counties) for water system improvements

For immediate release.  Contact: Kimberly Leggett at 512-463-5129

AUSTIN - (March 3, 2016) - The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $19,765,708, consisting of a $9,530,000 loan and $10,235,708 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Stamford (Jones and Haskell counties). The City will be able to finance the planning, acquisition, design, and constructions costs associated with water system improvements.

In addition to the savings from the loan forgiveness, the City could save approximately $1,751,000 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 15 miles of transmission lines and portions of the City’s distribution system. The City will also complete improvements to its water treatment plant. The project qualifies for Green Project Reserve for water- and energy-efficiency components.

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.

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