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Port Arthur to apply for $16.5M state revolving fund loan for water-line replacement; finance director to clarify debt-covenant note
Summary
Port Arthur authorized submission of a Texas Water Development Board application for up to $16,500,520 in DWSRF funds for a water-line replacement project.
The City Council authorized staff on Aug. 12 to submit an application to the Texas Water Development Board (TWDB) for a State Revolving Fund (DWSRF) award of up to $16,500,520 to support a water-line replacement project.
What staff said: City staff described this application as the construction-phase funding step for a project with design work dating to 2019. The TWDB program can provide loans with partial principal forgiveness (the presentation said up to 30% forgiveness may be…
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