Tennessee Governor Bill Haslam and Department of Environmental & Conservation Commissioner Bob Martineau announced February 10 that one community and one utility district have been approved to receive more than $2.2 million in low-interest loans for drinking water infrastructure improvements. The Town of Gainesboro and Castalian Springs-Bethpage Water Utility District are beneficiaries of the State Revolving Fund Loan Program, which provides eligible communities, utility districts, and water and wastewater authorities loans with lower interest rates than most can obtain through private financing.
“Clean drinking water is a necessity, and this program helps local communities provide this vital resource in an efficient way,” said Commissioner Martineau.
Tennessee’s Clean Water State Revolving Fund Loan Program has awarded more than $1.7 billion in low-interest loans since its inception in 1987. Tennessee’s Drinking Water State Revolving Fund Loan Program has awarded more than $292 million in low-interest loans since its inception in 1996.
To learn more about Tennessee’s SRF program, click here.