Austin, Texas -- The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $10,000,000 to the City of Denison (Grayson County), consisting of $4,900,000 in financing and $5,100,000 in principal forgiveness, from the Drinking Water State Revolving Fund (DWSRF) Lead Service Line Replacement Program. The City will use the assistance for the planning, design, and construction of a lead service line inventory and replacement project.

In addition to the loan forgiveness, the City could save approximately $1,600,000 over the life of the loan by using the DWSRF.

With the assistance approved today, the City will inventory its distribution system to identify connections that have lead or galvanized materials and replace an estimated 500 service connections.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional water and flood planning, and preparing the state water and flood plans. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood mitigation, and agricultural water conservation projects.