Laserfiche WebLink
Questions and Answers on the <br />CleanWater Section <br />of State Bond Package <br /> <br />.. How much is the sewer and water component of State Bond Package and what does it cover? <br /> <br /> The water and sewer section of the bond package is $145 million of the total $740 million bond <br />package. <br /> <br />iHow would the money be used? <br /> <br /> The bonds would help counties and cities expand, enlarge, extend, improve and reconstruct their <br />water and sewer services, thereby making those areas more attractive to new industries. <br /> <br />Such improvements to basic infrastructure are critical for local economic growth. <br /> <br />The money would actually be allocated like this - $100 million for direct loans to local governments and <br />$45 million to provided state match to capture federal wastewater and water supply assistance money for <br />the Clean Water Revolving Loan and Grant Program. <br /> <br />The $100 million for direct loans will be lent at the state's market interest rate. Of that $100 million, 69 <br />percent will be used for sewage treatment and collection projects and 31 percent will be used for water <br />supply and conservation projects. <br /> <br />Conservation projects include measures to eliminate the wasteful or unnecessary use or loss of water in <br />the operation of wastewater collection system operations, wastewater treatment works or water supply sys- <br />tems. <br /> <br />The other $45 million would go to revolving loans and grants programs such as: <br /> <br /> General Wastewater Revolving Loans: 39 percent; <br /> <br /> Emergency Wastewater Revolving Loans: 10 percent; <br /> <br /> High Unit Cost Wastewater Grants: 20 percent; <br /> <br /> General Water Supply Revolving Loans: 21 percent; <br /> <br /> Emergency Water Supply Revolving Loans: 5 percent; <br /> <br /> High Unit Cost Water Supply Grants: 5 percent; <br /> <br />.. Why are the water and sewer projects important? <br /> <br />Infrastructure improvements such as water and sewer projects are vital to economic development. <br />Also many areas of the state need modem water supply and sewage treatment to protect the health of our <br />citizens. A recent survey of the current and projected water and wastewater needs around the state found <br />nearly $5.9 billion worth of unfunded projects in water and wastewater supply, treatment and distribution. <br />Counties alone reported $1.95 billion in water supply, treatment and distribution needs, and $10.6 million <br />in treatment, collection and interception needs. <br /> <br />4- <br /> <br /> <br />