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DNR details nearly $1 billion in federal SRF funding and community loan outcomes
Summary
The department reported on State Revolving Fund activity: new federal bipartisan infrastructure law funding adds roughly $193.4 million per year for five years, the SRF offers subsidized loans (current standard rate about 2.585%) and the program supports drinking-water, wastewater, PFAS and lead-service-line projects across the state.
The Department of Natural Resources briefed the Natural Resources Board on the State Revolving Fund (SRF) programs on Oct. 22, describing substantial federal funding under the bipartisan infrastructure law and the program's role financing drinking-water, wastewater and stormwater projects across Wisconsin.
Program basics: Jim Ritchie, director of the Bureau of Community Financial Assistance, said the SRF is made up of two loan programs—the Clean Water Fund and the Safe Drinking Water Loan Program—providing low-interest loans, principal-forgiveness and long-term repayment to municipalities for treatment…
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