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Texas Water Development Board approves $13,595,000 to the Greater Texoma Utility Authority on behalf of the City of Sherman (Grayson County) for wastewater system improvements

For immediate release. Contact: Sarah Haney at 512-463-5129

AUSTIN – (November 21, 2019) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of a $13,595,000 loan from the Clean Water State Revolving Fund to the Greater Texoma Utility Authority on behalf of the City of Sherman (Grayson County). The City will use the assistance to finance planning, acquisition, design, and construction costs associated with wastewater system improvements.

The City could save approximately $2.1 million over the life of the loan by using the Clean Water State Revolving Fund.

With the assistance approved today, the City will make improvements to its existing wastewater system to meet the needs of the communities it serves.

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.