LaFolette receives loan for drinking water investments

The city of LaFollette has received a $2,875,000 Drinking Water State Revolving Fund loan from the Tennessee Department of Environment and Conservation (TDEC) to improve water infrastructure. The loan was approved by the Tennessee Local Development Authority. of LaFollette loan comes from the Drinking Water State Revolving Fund Loan Program. It will address waterline extensions and the construction of a booster pump station. The loan has a 20-year term at 1.32 percent interest. The city of LaFollette received $1,437,500 in principal forgiveness with the remainder of the loan amount to be paid back as principal.