Texas Water Development Board approves $234,219 to the Greater Texoma Utility Authority (Grayson County) on behalf of the City of Sadler for wastewater system improvements

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AUSTIN – (March 21, 2016) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $234,219, consisting of a $165,000 loan and $69,219 in loan forgiveness, from the Clean Water State Revolving Fund to the Greater Texoma Utility Authority (Grayson County) on behalf of the City of Sadler. The City will be able to finance the planning, design, and construction costs associated with wastewater system improvements.

In addition to the savings from the loan forgiveness, the City could save approximately $32,000 over the life of the loan by using the Clean Water State Revolving Fund.

The City will make improvements at its wastewater treatment plant with the assistance approved today.

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.