
(TDEC press release) Thursday, Tennessee Gov. Bill Lee and Tennessee Department of Environment and Conservation (TDEC) Commissioner David Salyers announced a $493,000 loan for the Town of Caryville and the Caryville-Jacksboro Utilities Commission to improve water infrastructure.
The loan is one of six approved by the Tennessee Local Development Authority, along with two loans for the Town of Huntland totaling $3.9 million and three loans for the Metropolitan Government of Nashville and Davidson County totaling $44.1 million, making the overall total of loans announced today $48.5 million.
The Town of Caryville and the Caryville-Jacksboro Utilities Commission loan comes from the Clean Water State Revolving Fund Loan Program. It will address improvements to the wastewater treatment plant. The loan has a 20-year term at 0.54 percent interest. The Town of Caryville and the Caryville-Jacksboro Utilities Commission received $49,300 in principal forgiveness with the remainder of the loan amount to be paid back.