Jamestown awarded a $1.62 million loan for water main replacement
The project will help the city save on maintenance costs and improve water service, the North Dakota Department of Environmental Quality and the North Dakota Public Finance Authority said in a news release.
The State Revolving Fund programs are jointly administered by the North Dakota Department of Environmental Quality and the North Dakota Public Finance Authority.
The U.S. Environmental Protection Agency provides part of the SRF programs' funding, which offers below-market interest rate loans to political subdivisions for financing projects authorized under the Clean Water Act and Safe Drinking Water Act. SRF programs operate nationwide to provide funding to maintain and improve infrastructure that protects water resources.
Loans are awarded to projects listed on the project priority list based on project eligibility determined by the Department of Environmental Quality and the Public Finance Authority's review of repayment ability. The Public Finance Authority is overseen by the North Dakota Industrial Commission, consisting of Gov. Kelly Armstrong as chairman, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring.
For more information on the city of Jamestown's project, contact the Department of Environmental Quality at
ndsrf@nd.gov
.
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