Five communities have been awarded funding from the Arkansas Department of Agriculture for water and wastewater projects.
The Natural Resources Commission has authorized f $7,405,713 for the five projects, which are expected to impact approximately 3,799 individuals. In the 2020 fiscal year, the Department of Agriculture has approved $94,481,313 in water and wastewater funding.
The five communities that received funding during this round include the City of Jasper, the City of Warren, the City of Fifty-Six, the Parkers Chapel Public Water Authority and the Washington County Soil & Water Conservation District.
The largest amount of funding went to the City of Warren, located in Bradley County, for wastewater improvement. The city received a $3,268,361 loan, which was sourced from the Arkansas Clean Water State Revolving Loan Fund. This project is expected to impact 2,352 individuals.
One city, Jasper, received two loans from the Arkansas Clean Water State Revolving Loan Fund. The city received a $440,000 loan and a $1,351,750 loan with principal forgiveness to improve a wastewater treatment facility.
Natural Resource Commission officials approved a $1,498,736 loan for the Parkers Chapel Public Water Authority in Union County. This is the third largest funding amount, which is earmarked for a water well replacement and water line extension intended to serve 971 individuals. Funding for this project is from the Arkansas Clean Water State Revolving Loan Fund.
Fifty-Six, a city located in Stone County, received a $831,416 loan to install 4.5 miles of water lines, a project estimated to affect 230 individuals.
The Washington County Soil and Water Conservation District had the smallest funding amount with a $15,450 loan. This loan, from the Water Development Fund, is for repairing a sinkhole in the Kinion Lake Dam.
Of the five municipalities receiving funding, three of the municipalities received loans from the Arkansas Clean Water State Revolving Loan Fund. Under the terms of the Arkansas Clean Water State Revolving Loan Fund program, municipalities can receive a 1 percent lending rate for a 10-year repayment period or a 1.75 percent rate or 2.25 percent rate for a 20 or 30 year repayment period, respectively.