Texas Water Development Board approves $7,599,660 to the City of Eastland (Eastland County) for wastewater system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (July 20, 2017) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $7,599,660, consisting of a $6,765,000 loan and $834,660 in loan forgiveness, from the Clean Water State Revolving Fund to the City of Eastland (Eastland County). The City will use the assistance to finance wastewater system improvements.
The financial assistance approved today could save the City approximately $936,000 over the life of the loan, in addition to the loan forgiveness.
With the assistance, the City will be able to finance the planning, design, and construction costs associated with wastewater system improvements. The City plans to also implement treatment improvements so that reclaimed water can continue to replace potable water for irrigation.
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.