Presenter tells New Point council state funding requires an asset-management plan
A presenter told the New Point Town Council the state now requires all utilities to complete an asset-management plan to qualify for programs such as the state SRF; the plan must list assets, conditions and a financial plan and the town must file a verification when finished.
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A presenter advised the New Point Town Council that state programs such as the State Revolving Fund (SRF) require utilities to complete formal asset-management plans before seeking funding.
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