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TLDA approves $15.725M SRF loan to Brownsville Energy Authority for wastewater plant
Summary
The Tennessee Local Development Authority on April 20 approved a $15.725 million companion SRF loan to Brownsville Energy Authority to complete a new wastewater treatment plant, part of a $32.725 million project; board members pressed staff about total project debt and asset life.
The Tennessee Local Development Authority approved a $15,725,000 State Revolving Fund loan to the Brownsville Energy Authority on April 20 to complete construction of a new wastewater treatment plant, SRF staff told the board.
Miss Jones, SRF staff, said the loan is a companion to an earlier $17 million SRF loan and that together the two loans would cover the project's total cost of $32,725,000. SRF recommended a 20-year term at 1.34% interest for the $15.725 million request. Miss Jones also…
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