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The Public Water Supply Loan Program (PWSLP) provides
low interest loans to eligible recipients, primarily local government units,
for the construction of community water supply facilities and other facilities
that fulfill federal State Revolving Fund (SRF) requirements for a Green
Project Reserve. The loan program is capitalized annually with federal grants
and state matching funds, with these amounts supplemented by program repayments
that now exceed $20 million on an annual basis. Loans carry a maximum twenty-year
term, with interest rates set annually at one-half the bond market rate,
and funds are awarded competitively with an annual pre-application deadline
of March 31. |
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