News Release 464
Department of Natural Resources invites water districts to apply for funding
Volume 38-464 (For Immediate Release)
Contact: Larry Archer
JEFFERSON CITY, MO, AUG. 13, 2010--The Missouri Department of Natural Resources is currently soliciting loan applications for Drinking Water State Revolving Funds that will be available in the state fiscal year 2012, which runs from July 1, 2011 through June 30, 2012.
The Missouri Drinking Water State Revolving Fund is the Department of Natural Resources’ public drinking water infrastructure improvements funding assistance program.
The main financial assistance offered under this program is in the form of low interest loans, with a target interest rate of 30 percent of the conventional market rate. Through calendar year 2009, the department has awarded low-interest loans totaling approximately $288 million to drinking water systems for drinking water infrastructure improvements.
All municipalities and water districts are eligible for drinking water state revolving fund loans. The department gives priority to water system improvement projects that address health, compliance or affordability issues.
The drinking water state revolving fund application package includes the approved Priority Point Criteria and Readiness to Proceed Criteria that will be used to evaluate loan applications received this year. The Priority Point Criteria describe the standards by which proposed projects are assigned priority points. The Readiness to Proceed Criteria defines the progress that an applicant must make in order for the department to commit available funds to the project.
Applications received by Nov. 15 that meet the Readiness to Proceed criteria will receive first consideration for funding based on their priority ranking and availability of funds.
Loan applications can be submitted to the departments’ Water Protection Program by:
- Mail to Attention: Stephen Jones, Missouri Department of Natural Resources, Water Protection Program, P.O. Box 176, Jefferson City, MO 65102-0176; or
- Hand-deliver to: 1101 Riverside Drive, Jefferson City, Missouri 65101, Missouri Department of Natural Resources, Water Protection Program.
A copy of the State Fiscal Year 2011 Drinking Water State Revolving Fund loan application package can be reviewed and downloaded from the following department website: dnr.mo.gov/env/wpp/srf/drinkingwater-assistance.htm. You may also obtain a copy by written request to the Missouri Department of Natural Resources, Water Protection Program, P.O. Box 176, Jefferson City, MO 65102-0176, or by calling 573-751-1192.
If you have any questions concerning the loan application package please contact Stephen Jones, of the Water Protection Program, at 573-522-1803.