Public Works Board amends emergency program policy to allow 0% interest on emergency loans
The board amended its traditional emergency program policy to permit 0% interest on emergency loans for eligible projects (effective for FY27 projects forward), drawing support from committee members and some opposition over hardship criteria and long-term fund health.
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The Public Works Board voted Sept. 4 to amend its traditional emergency program policy to allow emergency projects to receive 0% interest loans, a change staff said is authorized under RCW 43.155.065.
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