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The Water Pollution Control Loan Program (WPCLP) provides
low interest loans to eligible recipients, primarily local government units,
for the construction of wastewater and wastewater treatment works and other
facilities that fulfill federal State Revolving Fund (SRF) requirements for
a Green Project Reserve, including certain types of storm water facilities.
The loan program is capitalized annually with federal grants and state matching
funds, with these amounts supplemented by program repayments that now exceed
$100 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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