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State, federal loan programs weigh differently for Dundee wastewater upgrade, Business Oregon adviser says
Summary
Business Oregon staff advised Dundee on two financing paths for a roughly $2 million wastewater upgrade: a federal DEQ loan with lower subsidized rates but stricter Buy America/Davis‑Bacon requirements and a state Business Oregon bond‑backed loan with fewer federal strings but possible interest‑rate timing risk.
Business Oregon staff briefed the council on financing choices for a roughly $2 million wastewater treatment project and urged the city to meet with DEQ to understand federal requirements.
Harvey Chaffee of Business Oregon described the state program as simpler and more flexible than federal funding in some respects: ‘‘Our program doesn’t come with any of those federal strings around environmental reviews or domestic…
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