Jul 17, 2007

Low Interest Loans Soon Available for Mississippi Wastewater Projects

Additional funds for wastewater systems will soon be available for local governments in Mississippi through the state’s Water Pollution Control Revolving Loan Fund administered by the Mississippi Department of Environmental Quality (MDEQ).

Senate Bill 3201, which became effective upon passage and was signed into law by Governor Haley Barbour in April 2007, included authorization for the issuance of $3.9 million in state general obligation bonds to provide the matching funds required to secure U.S. Environmental Protection Agency funds through Federal Fiscal Year 2008.

Each state matched dollar will bring five dollars of federal grant funding into the state. These funds will be used to provide low interest rate loans for construction, repair, and improvement of wastewater collection and treatment infrastructure. Entities eligible for WPCRLF loan funding include counties, municipalities, authorities, districts, and other governmental entities that manage wastewater systems throughout Mississippi.

The Water Pollution Control Revolving Loan Fund is administered by the Construction Branch within MDEQ’s Office of Pollution Control and provides low interest loans to cities, counties, sewer districts, regional wastewater authorities, and other governmental entities for wastewater projects, sludge disposal facilities, storm water pollution control projects, non-point source pollution control projects, and estuary management projects.