Board hears WIFIA loan overview; no immediate action required
The board discussed the EPA's WIFIA loan program and a possible capital-stacking approach; President Rockenbach said there is no action required now and staff will return with a report before any application is submitted.
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President Rockenbach briefed directors on the Environmental Protection Agency's WIFIA loan program as a potential financing tool for capital projects, explaining program features and how a master agreement can allow capital stacking. "There's no action needed by the board at this time," Rockenbach said, adding that staff will present a formal report before any applications are filed.
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