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Austin Water Closes on Multiple TWDB Loans

AUSTIN, TX – Austin Water closed on a Clean Water State Revolving Fund loan and a Drinking Water State Revolving Fund loan for a combined $14.9 million through the financial assistance program of the Texas Water Development Board (TWDB).

The low-interest rates offered by the program allow the utility to make improvements while saving taxpayers millions in financing costs. This newest wave of loans will lock in interest rates as low as 0.45%.

“The interest rate on…

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