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Tennessee Local Development Authority approves two drinking-water SRF loans totaling $3.975 million
Summary
At its March 24, 2025, meeting the Tennessee Local Development Authority unanimously approved two State Revolving Fund drinking-water loans: $2.875 million to the City of La Follette and $1.1 million to Perryville Utility District. The authority also outlined federal IIJA funding for lead service lines and emerging contaminants.
The Tennessee Local Development Authority unanimously approved two drinking-water loans at its March 24, 2025, meeting, awarding a $2,875,000 loan to the City of La Follette and a $1,100,000 loan to Perryville Utility District.
The loans were packaged together and approved by roll call after a presentation from TDLDA staff member Miss Jones, who reviewed fund balances and new federal funding available through the Infrastructure Investment and Jobs Act (IIJA). The board voted aye in roll call by Secretary Hargett, Commissioner Bryson, William Wood, Jamie Wehman, Mayor Brown and Mayor Bradshaw (telephonic participation). The motion passed and both loans were approved.
Miss Jones told the board the authority's unobligated drinking-water loan balance would be $69,779,918 if the loans were approved and noted additional IIJA…
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