Texas Water Development Board approves $550,000 to the City of Roby (Fisher County) for a water system improvement project
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AUSTIN – (July 23, 2020) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $550,000, consisting of a $250,000 loan and $300,000 in loan forgiveness from the Drinking Water State Revolving Fund, to the City of Roby (Fisher County). The City will use the assistance to finance planning, design, and construction costs associated with a water system improvement project.
In addition to the loan forgiveness, the City could save approximately $78,000 over the life of the loan by using the Drinking Water State Revolving Fund.
With the assistance approved today, the City will construct a new ground storage tank to replace its existing tank. The project will improve water quality and reduce water loss.
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.