New Deal to receive monetary assistance for water system improve - KCBD NewsChannel 11 Lubbock

New Deal to receive monetary assistance for water system improvements

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NEW DEAL, TX (KCBD) -

The Texas Water Development Board has approved a resolution to give assistance to New Deal in helping fund water system improvements.

The board approved $1,033,800 which consists of a $935,000 loan and $98,800 in loan forgiveness. This is mainly towards the cost that goes along with system improvements.

The city will be able to replace approximately 18,000 feet of pipeline and build a 138,000 gallon water storage tank. The resolution would be able to save New Deal around $171,000 over the life of the loan given.

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