More Than $15.1 Million In Water And Wastewater Construction Loans Awarded

Low-Interest Loans Help Fund Infrastructure Improvements

Wednesday, March 26, 2014

Tennessee Governor Bill Haslam and Department of Environment and Conservation Commissioner Bob Martineau Wednesday announced that five communities, two utility districts and two water/wastewater authorities have been approved to receive more than $15.1 million in low-interest loans for water and wastewater infrastructure improvements.  Hamilton County WWTA received a $6 million loan. 

“I am pleased to see local governments using this important program to help address critical drinking water and wastewater needs, making infrastructure improvements that will benefit the health of these communities and foster economic growth,” Governor Haslam said.

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. 

Through the SRF Program, communities, utility districts, and water and wastewater authorities can obtain loans with lower interest rates than most can obtain through private financing. Interest rates for loans can vary from zero percent to market rate based on each community’s economic index. Loans utilizing EPA grant funds include a principal forgiveness component for water and wastewater projects.

“The State Revolving Fund Loan Program is a community investment to help maintain environmental and public health, while keeping local communities moving forward as they prepare for future needs,” Commissioner Martineau said.

The Department of Environment and Conservation administers the SRF Loan Program for the state of Tennessee 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 SRF loans. 

The funding order of projects is determined by the SRF Loan Program’s Priority Ranking Lists that rank potential projects according to the severity of their pollution and/or compliance problems or for the protection of public health.

Wastewater Loans were announced Wednesday for the following recipients:

Anderson County Water Authority (Union County) - The Anderson County Water Authority will receive $3,512,571 for the project that includes installation of six sanitary sewer pumping stations and approximately 74,000 linear feet of eight-inch diameter force main. The project will be funded with a 20-year, $2,810,057 loan with an interest rate of 0.70 percent and $702,514 in principal forgiveness that will not have to be repaid. 

City of Pegram (Cheatham County) - The city of Pegram will receive $449,000 for a project that includes wastewater treatment plant and land application improvements. The project will be funded with a 20-year, $426,550 loan with an interest rate of 0.95 percent and $22,450 in principal forgiveness that will not have to be repaid.

Drinking Water Loans were announced today for the following recipients:

Town of Halls (Lauderdale County) - The town of Halls will receive $723,258 for a project that includes Green-Water meter replacement. The project will be funded with a 20-year, $578,606 loan with an interest rate of 0.64 percent and $144,652 in principal forgiveness that will not have to be repaid. 

City of Livingston (Overton County) - The city of Livingston will receive $800,000 for a project that includes water treatment improvements. The project will be funded with a 20-year, $520,000 loan with an interest rate of 1.64 percent and $280,000 in principal forgiveness that will not have to be repaid.

City of Jellico (Campbell County) - The city of Jellico will receive $750,000 for a project that includes Green-Water line installation. The project will be funded with a 20-year, $600,000 loan with an interest rate of 0.23 percent and $150,000 in principal forgiveness that will not have to be repaid.

Poplar Grove Utility District (Tipton County) - The Poplar Grove UD will receive $800,000 for a project that includes Green-Water meter replacement and WTP improvements. The project will be funded with a five-year, $520,000 loan with an interest rate of 0.0 percent and $280,000 in principal forgiveness that will not have to be repaid. 

25 Utility District (Smith County) - The 25 UD will receive $522,390 for a project that includes water distribution system improvements. The project will be funded with a 20-year, $417,912 loan with an interest rate of 0.91 percent and $104,478 in principal forgiveness that will not have to be repaid.

Traditional Wastewater Loans were announced Wednesday for the following recipients:

Hamilton County WWTA (Hamilton County) - The Hamilton County WWTA will receive $6 million for a project that includes infiltration and inflow corrections. The project will be funded with a 20-year loan with an interest rate of 1.86 percent. 

Union City (Obion County) - Union City will receive an increase of $1.4 million to an existing $1.75 million, 20-year loan which brings the total to $3.15 million with an interest rate of 1.17 percent for a project that includes wastewater treatment plant improvements.

A Traditional Drinking Water Loan was announced Wednesday for the following recipient:

City of Livingston (Overton County) - The city of Livingston will receive a $200,000, 20-year loan with an interest rate of 1.64 percent for water treatment improvements. 

Since its inception in 1987, Tennessee’s Clean Water State Revolving Fund Loan Program has awarded more than $1.5 billion in low-interest loans. Since its inception in 1996, Tennessee’s Drinking Water State Revolving Fund Loan Program has awarded more than $220 million in low-interest loans. Both programs combined award more than $80 million annually to Tennessee’s local governments for water and wastewater infrastructure projects.

Any local government interested in the SRF Loans should contact the State Revolving Loan Fund Program, Tennessee Tower, 12th Floor, 312 Rosa L. Parks Avenue, Nashville, TN 37243, or call 615.532-0445. Additional information about the SRF Loan Program may be found online at

http://www.tn.gov/environment/water/fund.shtml.  

FSG Bank Presents On Point A Check For $1,000

FSG Bank presented On Point with a check for $1,000 recently from funds raised during the organization’s “Change for Change” coin drive. Supporters made donations in coin canisters at FSG locations in Chattanooga during the spring. The funds will help support On Point’s mission and programs of local youth development. (click for more)

Attorney General Announces Settlement Allowing Dollar Tree To Acquire Family Dollar

Tennessee Attorney General Herbert H. Slatery III announced Thursday the merger of two large national chains of deep discount stores, Dollar Tree, headquartered in Chesapeake, Va. and Family Dollar, headquartered in Matthews, NC. As part of the agreement, Dollar Tree will be required to divest hundreds of Family Dollar stores nationwide, including stores in Memphis and Nashville. ... (click for more)

Muslim Advocacy Group Questions House Arrest For Signal Mountain Man Charged In Threats Against Muslim Village In New York

The Council on American-Islamic Relations (CAIR), the nation's largest Muslim civil rights and advocacy organization, on Saturday questioned the release of a Signal Mountain man who admitted to planning what it called "a Charleston-style terror attack" on a Muslim community in New York. CAIR also called for stepped up protection for the community targeted in the plot. Judge ... (click for more)

Plumbers Bring Complaints To WWTA; Told New Contracts Are Ready

Several plumbers on Thursday brought complaints to a committee of the Hamilton County Water and Wastewater Treatment Authority (WWTA) and got little response other than being told that new contracts are ready. Kay Keefe of Keefe Plumbing said the small number of plumbing companies still participating in the program to repair leaky lines to homes, have long been operating without ... (click for more)

Could The Marriage Decision Spark A New Independence Day?

I confess that this year I am having a hard time with the idea of celebrating the 4th of July Independence Day. It is not because I am not thankful to God for what was done on that day, what it represents, and the blessings I’ve experienced that flow from it. On the other hand, I want to think that maybe this year’s celebration will mark a period in our history in which a new movement ... (click for more)

Roy Exum: Fourth Of July, 2015

As one who is about good and fed up with being “socially correct” so less than 10 percent of us can dictate how the other 90 percent of us ought to think, I am going to pause today in order to share a wonderfully fun email that has been around for a while. It is aptly called, “You Could Have Heard A Pin Drop.” Before I do, I got a sweet note the other day from my dear friend ... (click for more)