The Texas Water Development Board approved $1.6 million in financial assistance to a Cherokee County water supply district from the Drinking Water State Revolving Fund.
Craft-Turney Water Supply Corp. will use the assistance to finance the planning, acquisition, design, and construction costs associated with a water system improvement project, according to a news release from the TWDB.
Craft-Turney could save approximately $286,000 over the life of the loan by using the Drinking Water State Revolving Fund.
Improvements to the system include a new water well, two high-service pumps at a new pump station, and a new 100,000-gallon ground storage tank, according to the Texas Water Development Board.
The board 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 board administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.