Mayor, J. “Spike” Harris announces that the town of Jonesboro has received a loan from the Louisiana Department of Environmental Quality (LDEQ) Clean Water State Revolving Fund in the amount of $3,890,000.00 for wastewater improvements. 

The loan is offered in the form of 0.95% interest applied for a 20 year term and will include a maximum of $2,600,000.00 of principal forgiveness. No interest shall accrue on the forgiven principal. 

As the applicant, the Town of Jonesboro must satisy all regulatory and financial requirements prior to closing the loan. The loan must be closed by October 31, 2025; otherwise the project will be removed from the fundable list. 

“We are grateful to the LDEQ for offering us this loan,” said Mayor Harris. “We had originally asked for $5,827,000.00 but are pleased to receive this funding as this will be very helpful in our quest to upgrade our wastewater program.”