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Texas Water Development Board approves $1,269,700 to the M&M Water Supply Corporation (Angelina County) for water system improvements

For immediate release. Contact: Lauren Munguia at 512-463-2322

AUSTIN – (May 11, 2022) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,269,700 to the M&M Water Supply Corporation (Angelina County), consisting of $889,000 in financing and $380,700 in loan forgiveness from the Drinking Water State Revolving Fund (DWSRF). The Corporation will use the assistance to finance the planning, design, and construction of water system improvements.

In addition to the loan forgiveness, the City could save approximately $468,000 over the life of the loan by using the DWSRF.

With the financial assistance approved today, the Corporation will install mixers into their existing elevated storage tanks and upgrade the system with a one-ton chlorine cylinder.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional water and flood planning, and preparing the state water and flood plans. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.