Egan obtains $200,000 loan from the USDA
EGAN – Agriculture Secretary Ed Schafer announced the investment of $547 million in loans and grants to provide safe drinking water and improved wastewater treatment systems for rural towns and communities.
In Acadia Parish, Egan Water Corporation received a direct $200,000 loan to construct an office building next to the water plant, according to President Kenny Webb.
“A majority of this investment in rural infrastructure systems is the result of USDA moving the 2008 farm bill funding out to communities in a timely manner,” Schafer said during a visit to the USDA Service Center recently. “Having safe and reliable water and sewer services is vital to the health of rural communities.”
Loans and grants are being awarded to rural communities in 46 states and Puerto Rico through USDA Rural Development’s Water and Environmental Program. The 2008 farm bill, also known as the Food, Conservation and Energy Act of 2008, provides $357 million to local communities for water and wastewater projects. Another $190 million is being distributed as part of the 2008 budget.
Funding of each project is contingent upon the recipient meeting the requirements of the loan or grant agreement.