ATLANTA – Georgia Environmental Finance Authority (GEFA) Executive Director Kevin Clark announced today the approval of a Clean Water State Revolving Fund (CWSRF) loan of $1,000,000 to the city of McDonough to finance rehabilitating 17,460 feet of gravity sewer lines and 50 manholes. Clark expressed appreciation to State Representative Steve Davis (R-McDonough) for his support and credited the state’s commitment to helping cities and counties finance infrastructure development as one of the main contributors to GEFA’s success.
“I want to thank Mr. Clark and the board for these funds,” said Rep. Davis. “GEFA has played an integral part in helping all of Henry County with these low-interest loans to help us catch up on our needed infrastructure projects.”
The CWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund wastewater infrastructure and water pollution reduction projects. Eligible projects include a variety of storm water and wastewater collection and treatment projects. These projects conserve and improve water resources, and facilitate economic growth and development. The city will pay 2.13 percent interest on the 20-year loan of $1,000,000.
Cities and counties interested in more information regarding the CWSRF should visit www.gefa.org or call 404-584-1000.
Representative Steve Davis represents the citizens of District 109, which includes portions of Henry County. He was elected into the House of Representatives in 2004, and currently serves as the Chairman of the Information & Audits Committee and as the Secretary of the State Planning & Community Affairs Committee. He also serves on the Appropriations, Insurance, State Institutions & Property, and Transportation committees.
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