NASHVILLE, Tenn. – Lt. Governor Randy McNally (R-Oak Ridge) and State Senators Richard Briggs (R-Knoxville) and Becky Massey (R-Knoxville) congratulate the Hallsdale-Powell Utility District on receiving $13,100,000 in Wastewater Construction Loans. The loan approval was announced by Gov. Bill Haslam and Tennessee Department of Environment and Conservation (TDEC) Commissioner Bob Martineau.
The Hallsdale-Powell Utility District will use the loans for the Beaver Creek Interceptor Improvement Project. The project includes replacing and rehabilitating parts of the interceptor sewer, collector sewer and manholes.
“Congratulations to the Hallsdale-Powell Utility District for securing these loans,” said McNally. “The service it provides to our community is essential to having pure water and maintaining Knox County’s high quality of life.”
“Access to low-interest loans ensures that the utility district can address current and future infrastructure needs as they arise,” said Briggs. “These investments in our drinking water prove to be investments in the health and well-being of our community as well.”
“Clean water is a key component to maintaining the health of Knox County,” said Massey. “By keeping wastewater facilities updated and secure, the utility district is improving the environment for generations to come.”
The loans were awarded by Tennessee’s Clean Water State Revolving Fund Loan Program. The Program is administered by TDEC in conjunction with the Tennessee Local Development Authority. The U.S. Environmental Protection Agency awards grants to the SRF Program, where the state provides a 20 percent match. Loan repayments are returned to the program to be used to fund future loans.