December 19, 2012 Edition

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Loans to benefit LawCo.

The Arkansas Natural Resources Commission announced two loans affecting Lawrence County residents on Dec. 11, according to Commission Chairman Sloan Hampton.

A loan of up to $772,500 was approved from the Water Development Fund to the Lawrence County Regional Water District.

"These funds will be used to construct an additional well and appurtenances to provide additional water to the system," Mark Bennett, ANRC water development division manager, said.

The loan is for 30 years at four percent interest.

In addition, a loan, in an amount up to $309,000, was approved from the Water, Sewer and Solid Waste Fund to the city of Hoxie.

"These funds will be used for the renovation of two sanitary sewer lift stations and the replacement of approximately 900 water meters," Bennett said.

The loan is for 20 years at three percent interest.

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