Lexington, Kentucky, Aug 09, 2013 -- USDA Rural Development State Director Tom Fern has announced $755,000 in USDA funds ($555,000 loan/ $200,000 grant) to make improvements to the Nicholas County Water District infrastructure. The United States Department of Agriculture remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.
Rural Development funds will be used to replace approximately three miles of existing undersized water lines and asbestos cement line, install new telemetry for an existing pump station, and place new master meters in the system in order to improve operation and maintenance and insure a dependable source of potable water for approximately 1,532 customers in rural Nicholas County. The loan portion will have a forty-year repayment period at an interest rate of 2.75 percent. The USDA funds will be supplemented by funding through a Tobacco Settlement Fund grant. The total project cost is estimated to be $940,000.
“These improvements will be very important to ensuring area residents have continued access to clean, safe, and reliable potable water,” said Fern. “I applaud Nicholas County Water District officials for their commitment to the residents of Nicholas County.”
For information on other projects funded by USDA Rural Development, please visit Rural Development’s interactive web map featuring program funding and success stories for fiscal years 2009-2012. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities.
USDA’s investments in rural communities support the rural way of life, which stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.