Pat Quinn, Governor
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Pat Quinn, Governor |
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News Releases - 2003$1.2 Million Loan Approved To Upgrade Bushnell Drinking Water Treatment System
Springfield, Ill. -- Illinois EPA Director Renee Cipriano today announced that a low interest loan in the amount of $1,212,103 has been approved for the city of Bushnell, in McDonough County, for needed improvements to its water supply system. The loan, issued under the Illinois EPA's revolving loan program, will allow the community to provide additional treatment and water storage to its drinking water supply and come into compliance with federal limits on amounts of naturally occurring radium in its potable water. Construction is scheduled to be completed by September 2004. "It is gratifying to be able to offer financial assistance to a community, like Bushnell, which is unable on its own to meet the cost of improvements that will guarantee residents the continued delivery of safe drinking water and address new radium standards," Director Cipriano said. The loan is being made from the Illinois Environmental Protection Agency's drinking water revolving loan program that utilizes federal and state funding to provide loans for eligible drinking water treatment projects at half the market interest rate. Interest paid on the 20 year loans is returned to the fund to support low interest loans to other applicants. Director Cipriano noted that 80 percent of the funding for the loan program comes from the federal government and she has urged Illinois' congressional delegation to ensure there is adequate federal funding to continue to assist communities in upgrading this vital infrastructure for the benefit of their citizens and the environment. |
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