Montana Water Pollution Control And Drinking Water State Revolving Fund Programs : Department of Environmental Quality, Department of Natural Resources And Conservation : Financial Audit for the Fiscal Year Ended June 30 .. 2004
Montana Water Pollution Control And Drinking Water State Revolving Fund Programs : Department of Environmental Quality, Department of Natural Resources And Conservation : Financial Audit for the Fiscal Year Ended June 30 .. 2004
Montana.Dept. of Natural Resources And Conservation
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Instead of making grants to communities that pay for a portion of building wastewater treatment facilities, the WPCSRF provides for low interest rate loans to finance the entire cost of qualified projects. The State of Montana's Drinking Water State Revolving Fund (DWSRF) Program was established pursuant to Title XIV of the Safe Drinking Water Act. This federal act established the DWSRF program for states to make loans to community water systems and non-profit non- community water systems. Inst...ead of making grants to communities that pay for a portion of building drinking water treatment facilities, the DWSRF provides for low interest rate loans to finance the entire cost of qualified projects or to refinance debt obligations on projects that began after July 1, 1993. The State of Montana first incurred expenditures in the DWSRF Program in state fiscal year (SFY) 1997. WPCSRF loans must be repaid within 20 years while DWSRF loan agreements allow up to 30 years for repayment. All repayments of interest and principal must remain in the revolving funds.
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