Georgia to Get $9.4 M for Water, Sewer Improvements
As part of Gov. Sonny Perdue's vision for sustainable economic development, Georgia Environmental Facilities Authority (GEFA) Executive Director Chris Clark on Jan. 27 announced the approval of four Georgia Fund loan commitments of $7.9 million and one Clean Water State Revolving Fund (CWSRF) sewer loan of $1.5 million.
The GEFA board of directors approved the commitments to help finance water and sewer infrastructure projects for the counties of Bartow, Madison, and Rockdale and the cities of Monroe and Remerton.
"I'm pleased these investments are being made in water and sewer infrastructure," Perdue commented.
"GEFA's programs are a tangible commitment by the governor and the General Assembly to assist local governments with their efforts to provide clean water, sewer, and solid waste improvements," said Chris Clark. "In addition to the public's health and safety, these projects are critical to a community's ability to prosper economically."
"The projects that we agreed to finance today illustrate how GEFA helps communities of all sizes, in all areas of the state," said Matt Beasley, chair of the GEFA board of directors and mayor of Hartwell. "From the smallest of communities to the largest, GEFA is investing in communities that are willing to invest in themselves."
GEFA helps communities prepare for economic growth and development through the provision of low-interest loans and grants. The Georgia Fund is a state funded loan program administered by GEFA for water, wastewater, and solid waste infrastructure projects. The loan program has maximum flexibility and accessibility, providing fast loan approvals. The Georgia Fund finances loans to local government for projects such as water and sewer lines, treatment plants, pumping stations, wells, water storage tanks, and water meters. Low-interest loans range from $20,000 to $50 million.
The CWSRF is a federal loan program administered by GEFA for wastewater infrastructure projects. Eligible projects include a wide variety of wastewater collection and treatment project and stormwater projects.