Texas Water Development Board approves $5,490,900 to the G-M Water Supply Corporation (Sabine and San Augustine counties) for water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (April 16, 2018) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $5,490,900, consisting of a $2,775,000 loan and $2,715,900 in loan forgiveness, from the Drinking Water State Revolving Fund to the G-M Water Supply Corporation (Sabine and San Augustine counties). The Corporation will use the assistance to finance the planning, design, and construction costs associated with water system improvements.
In addition to the loan forgiveness, the Corporation could save approximately $667,000 by using the Drinking Water State Revolving Fund.
The Corporation provides water service to members living near the cities of Hemphill, Bronson, and Pineland. With the assistance approved today, the Corporation will make improvements at a groundwater treatment plant that was recently purchased from the City of Pineland. The Corporation will also construct ground storage tanks and new distribution lines and make other improvements at its facilities. In addition, the Corporation will upgrade its existing water conservation 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.