Lyerly awarded $130,000 CWSRF conservation loan

Eight Georgia communities were awarded financing totaling $35,365,000 for water, wastewater, and solid waste infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) board of directors.

The Town of Lyerly was awarded a $130,000 CWSRF conservation loan.

“I’d like to thank Gov. Deal, the Georgia Congressional delegation, and the members of the General Assembly for their support. The state’s commitment to helping cities and counties finance infrastructure contributes greatly to improving Georgia’s water resources,” said GEFA Executive Director Kevin Clark.

The $130,000 CWSRF conservation loan will finance improvements to the wastewater treatment plant equipment and the construction of a new equipment building. The equipment at the town’s wastewater treatment plant has reached the end of its useful life. This project will improve efficiency and reduce operational and maintenance costs while improving wastewater treatment. The town will pay 1.56 percent interest on the 15-year loan. The loan will finance a conservation project, which qualifies for a reduced interest rate.

“Low-interest financing from GEFA helps communities throughout the state. The projects financed today demonstrate that GEFA is investing in communities that are willing to invest in themselves,” said Chairman of the GEFA Board of Directors and White County Commission Chairman Travis Turner.

Additional information:

The CWSRF, a federal loan program administered by GEFA, provides communities with low-interest loans to fund wastewater infrastructure and water pollution control projects. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia. Eligible projects include a variety of stormwater and wastewater collection and treatment projects. These projects conserve and improve water resources and facilitate economic growth and development. Low-interest loans are available up to $25 million.

About the Georgia Environmental Finance Authority (gefa.georgia.gov):

The Georgia Environmental Finance Authority(GEFA), headquartered in Atlanta, is the lead agency for state energy programs; directs the Georgia Land Conservation Program; maintains state-owned fuel storage tanks; and offers financing for reservoir and water supply, water quality, stormwater, and solid waste infrastructure. Since 1985, GEFA has approved financial commitments totaling more than $4 billion to local governments, businesses, and nonprofit organizations. For more information, visit gefa.georgia.gov, Twitter,Facebook, LinkedIn, YouTube, or Flickr.

Approved loans:

 

• Atlanta awarded a $25,000,000 Clean Water State Revolving Fund (CWSRF) loan
• Braselton awarded a $1,926,000 CWSRF loan
• Byron awarded a $2,500,000 CWSRF conservation loan
• DeKalb County awarded a $3,000,000 Georgia Fund loan
• Dudley awarded a $1,163,000 Georgia Fund loan
• Lyerly awarded a $130,000 CWSRF conservation loan
• Social Circle awarded a $416,000 Georgia Fund conservation loan
• Thomson awarded a $1,230,000 DWSRF loan