- Associated Press - Thursday, May 8, 2014

NASHVILLE, Tenn. (AP) - State officials say the City of Oak Ridge and the DeKalb Utility District will receive more than $8.2 million in low-interest loans for water and wastewater infrastructure improvements.

The State Revolving Fund Loan Program provides low-interest loans that help communities, utility districts, and water and wastewater authorities finance projects that protect Tennessee’s ground and surface waters and public health.

Loans are used to finance the planning, design and construction of water and wastewater facilities.

The Department of Environment and Conservation administers the loan program in conjunction with the Tennessee Local Development Authority.

The U.S. Environmental Protection Agency provides grants to fund the program, and the state provides a 20 percent match. Loan repayments are returned to the program and are used to fund future loans.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide