The city of Riceboro has been awarded a $155,000 Drinking Water State Revolving Fund loan by the Georgia Environmental Finance Authority board of directors. The loan will finance the replacement of 407 residential water meters and 38 commercial water meters with automated meter-reading water meters, including software and meter-reading equipment. The project will ensure more accurate meter reading data, reducing revenue loss and water loss in the system.Riceboro will pay 0.5 percent interest on the 10-year loan.