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USDA financing and state revolving fund discussed; members note program fits financing more than grants
Summary
Subcommittee members reported recent contacts with USDA and discussed the state revolving fund and financing mechanisms; transcript cites interest rates in discussion but does not record formal commitments.
Committee members discussed USDA programs and the state revolving fund as potential avenues to finance the project, noting that USDA staff suggested financing (loans) rather than grant awards might be the better fit for this district.
In response to a question about current rates, one committee member stated "4.5," while others discussed 5 in comparison; members agreed to consider requesting a USDA overview presentation for the board or subcommittee to better understand program fit and timing.
