Tennessee Gov. Bill Lee and the Tennessee Department of Environment and Conservation (TDEC) Commissioner David Salyers have announced a State Revolving Fund loan of $800,000 for the Town of Woodbury to improve water infrastructure.
The Town of Woodbury’s loan comes from the Drinking Water State Revolving Fund Loan Program. It will address improvements to the water distribution system. The loan has a 20-year term at 0.34 percent interest. Woodbury received $160,000 in principal forgiveness with the remainder of the loan amount to be paid back as principal.