Seventeen Georgia communities were awarded financing totaling $91,935,500 for water, sewer, wastewater, and stormwater projects by the Georgia Environmental Finance Authority (GEFA) board of directors.
Twin City is among the recipients.
The $341,000 DWSRF conservation loan will finance replacing manual-read water meters with an automatic meter reading (AMR) system. This project will reduce leaks, increase billing accuracy, and improve meter reading efficiency. The city will pay 0.13% on the 20-year loan. The loan will finance a conservation project, which qualifies for a reduced interest rate. The city is eligible for principal forgiveness up to $136,400.
Other Approved Loans:
- Baconton awarded a $216,600 Clean Water State Revolving Fund (CWSRF) conservation loan
- Blackshear awarded a $1,264,000 Drinking Water State Revolving Fund (DWSRF) conservation loan
- Byron awarded a $2,000,000 CWSRF loan
- Clayton awarded a $500,000 Georgia Fund loan
- Coweta County Water & Sewerage Authority awarded $25,000,000 CWSRF loan
- Cumming awarded $14,000,000 DWSRF loan
- Dawson awarded a $2,180,000 CWSRF conservation loan and a $2,261,500 DWSRF conservation loan
- Fargo awarded a $642,300 DWSRF conservation loan
- Hartwell awarded $8,210,000 CWSRF loan
- Hogansville awarded $2,934,000 DWSRF loan
- Lake Lanier Islands Development Authority awarded $3,679,500 CWSRF conservation loan
- Mansfield awarded $956,600 CWSRF loan
- Meansville awarded a $1,400,000 DWSRF conservation loan
- Newton County Water & Sewerage Authority awarded a $25,000,000 Georgia Fund loan
- Paulding County awarded a $1,190,000 CWSRF conservation loan
- Stewart County Water & Sewage Authority awarded a $160,000 DWSRF conservation loan
- Twin City awarded $341,000 DWSRF conservation loan
